SAP sells its stake in Qualtrics
More than 400 million shares of Qualtrics are changing hands. Silver Lake and CPP Investments are buying the software company specialized in experience management from SAP for about 7.7 billion dollars. The transaction is now only awaiting the usual regulatory approvals.
SAP SE acquired Qualtrics in 2019. Since then, the company’s revenue has more than tripled, and the number of its users has increased from 10,000 to 18,000. SAP is now divesting all of its 423 million Qualtrics shares. The company is bought by investment funds related to Silver Lake and the Canada Pension Plan Investment Board.
The transaction, carried out at a price of $18.15 per share, corresponds to a company value of $12.5 billion and represents a 73 percent premium compared to the average of the 30 days prior to the announcement of SAP’s intention to sell (compared to the closing price on January 25, before the announcement, the premium is approximately 62 percent). SAP’s share package changes hands for about 7.7 billion dollars.
The agreement is the result of a process that began on January 26, during which the joint offer of Silver Lake and CPP Investments proved to be the best.
Related news
From production to stores, Pandora is integrating its jewelry with SAP solutions
Pandora is looking to leverage the best of technology to…
Read more >SAP: Cloud development makes beer tastier
The 130-year-old Budweiser Budvar is known for its excellent beers,…
Read more >SAP rethinks the future of enterprise applications: AI will be everywhere
SAP announced groundbreaking technology developments and strategic partnerships at this…
Read more >Related news
KSH: retail turnover in June exceeded the same period of the previous year by 3.0 percent and the previous month by 0.5 percent
In June 2025, the volume of retail sales increased by…
Read more >NGM: retail turnover on an expanding path
According to data from the Hungarian Central Statistical Office, the…
Read more >Hungarian buyers are still more restrained
In June, retail sales volume increased by 3 percent year-on-year.…
Read more >