SAP Sap SE

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.