SAP acquires US, Swiss units of SAP SI

SAP AG has agreed to acquire the Swiss and U.S. business units of SAP Systems Integration AG (SAP SI), bringing its absorption of the company nearer to completion.

The German software maker said in March that it planned to take over SAP SI completely and merge it with its own consulting unit. The move is intended to end consultancy duplication and save costs from running a separately quoted subsidiary.

In the latest development, SAP has agreed to acquire SAP Systems Integration (Switzerland) AG and SAP Systems Integration America Holding Inc., the companies announced Thursday. The acquisition of the U.S. holding company includes the transfer of SAP Systems Integration America LLC. The acquisitions take effect Oct. 1.

SAP, based in Walldorf, Germany, currently owns 91.6 per cent of SAP SI, according to SAP spokesman Marcus Berner. In June, it ended its public offer to acquire the remaining shares in SAP SI that it didn’t already own at the time.

“We said back then that we wouldn’t extend this offer but that we would continue to buy shares being traded on the stock market up to

Related Download
CanadianCIO Census 2016 Mapping Out the Innovation Agenda Sponsor: Cogeco Peer 1
CanadianCIO Census 2016 Mapping Out the Innovation Agenda
The CanadianCIO 2016 census will help you answer those questions and more. Based on detailed survey results from more than 100 senior technology leaders, the new report offers insights on issues ranging from stature and spend to challenges and the opportunities ahead.
Register Now