Mergers and Acquistions News
Categories: Software
May 12th 2010, 17:32PM
Germany-based Enterprise software vendor SAP is on the lookout for acquisitions once again, according to the group's co-chief executive.
Speaking to the Financial Times, Jim Hagemann Snabe said mergers and acquisitions are "certainly on the agenda" for SAP, although it is not seeking to buy market share or consolidate legacy.
Such transactions are likely to be on the scale of major deals like the €4.8 billion (£4.1 billion) acquisition of SAP's rival Business Objects in 2008, he added.
"In five years, we are hopefully the number one in on-premise software, on-demand software and on-device software," Mr Snabe told the newspaper.
"If we grow our business with on-demand software we can still expand our margin."
Earlier this year, it was announced that the £12 billion merger deal between Kraft and Cadbury will entail major SAP integration work as both companies use enterprise resource planning software provided by the German company.
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