SAP to Buy Majority Stake in Working Capital Management Company Taulia
January 27 2022 - 1:40AM
Dow Jones News
By Mauro Orru
SAP SE said Thursday that it would acquire a majority stake in
working capital management company Taulia.
The German software company said the acquisition would bolster
SAP's Business Network offering as Taulia offers early payment
through supply-chain finance, dynamic discounting and accounts
receivable finance.
"Taulia strengthens our portfolio and adds value to a point that
is key to every company: financial flexibility and stability. With
that, they contribute to making supply chains more resilient," SAP
Chief Financial Officer Luka Mucic said.
SAP and Taulia agreed not to disclose financial details of the
transaction.
Taulia is set to operate as an independent company with its own
brand in the SAP Group, with Cedric Bru remaining as chief
executive of Taulia and SAP's Mr. Mucic becoming chairman of the
board.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
January 27, 2022 01:25 ET (06:25 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Sap (TG:SAP)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sap (TG:SAP)
Historical Stock Chart
From Sep 2023 to Sep 2024