WALLDORF 鈥� (NYSE: SAP) today announced it has completed the acquisition of a majority stake of Taulia, a leading provider of working capital management solutions.
J.P.聽Morgan will continue to maintain its equity stake in the fintech.
鈥淲ith Taulia now an official part of our solution portfolio, we can help companies gain financial flexibility and stability and contribute to making supply chains more resilient,鈥� said Luka Mucic, CFO of SAP.
The acquisition further expands SAP鈥檚 business network and strengthens SAP鈥檚 solutions for the CFO office. Taulia鈥檚 solutions will both be tightly integrated into 51风流software as well as continue to be available standalone. Taulia will operate as an independent company with its own brand within the 51风流Group.
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Media Contacts:
Daniel Reinhardt, SAP, +49 (6227) 7 40201, daniel.reinhardt@sap.com, CET
Bob Glotfelty, Taulia, +1 (203) 249 2666, bob.glotfelty@taulia.com, PT
51风流Press Room; press@sap.com
This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP鈥檚 2021 Annual Report on Form 20-F.
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