German enterprise software giant SAP AG (NYSE:SAP) continued its chain of small acquisitions Monday,
announcing a $90 million bid for SAF Simulation, Analysis and Forecasting AG, a maker of forecasting and planning software for the retail and wholesale industries.
SAP said it offered about $16.22 per share for the company, which represents a 9.5% premium to the target's closing price on the Frankfurt Stock Exchange Friday. Shareholders owning 38% of SAF have agreed to sell their stakes to SAP, the company said. Details on the offer are available
here.
SAP has been busily swallowing small software companies. In May, it said it would buy Clear Standards Inc., a Virginia-based maker of software that analyzes a company's carbon footprint. That same month,
SAP signed an agreement to acquire privately held Highdeal SA, a French supplier of billing software for the telecom industry. In February, SAP bought the assets of Silicon Valley Web application software developer Coghead Inc. No terms were announced for these three deals. - Olaf de Senerpont Domis
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