Acquisition of Long-Standing SAP Partner Will Help Accelerate SAP's Sustainability Transformation
WALLDORF, Germany, April 21 -- Continuing its focus on providing market-leading sustainability solutions to customers worldwide, SAP AG (NYSE:SAP) today announced its intent to acquire TechniData AG, the world's leading provider of product safety and environmental, health and safety (EHS) solutions. Through this acquisition, SAP intends to expand its product portfolio as well as its market and thought leadership in sustainability.
Based in Markdorf, Germany, TechniData has been a strategic SAP partner for more than 15 years, and has helped shape SAP's sustainability offerings in the EHS arena. Employing nearly 500 people, TechniData provides systems integration, managed EHS services, regulatory content and software to help companies comply with regulatory challenges in these areas. With SAP announcing its strategic commitment to sustainability in spring of 2009, this acquisition is the next logical step between two companies that are both driven by the belief that sustainability is core to all business processes in the future.
"SAP and TechniData have enjoyed a very productive, long-term relationship, and we are truly excited about joining the SAP family," said Juergen Schwab, chief executive officer, TechniData AG. "We believe that the scale of SAP's development and field resources combined with our expertise in the EHS and product safety domains can help us bring the value of sustainability to more customers worldwide."
This acquisition is in line with SAP's strategy to complement existing applications and solutions with smart purchases that offer innovative technologies and functional capabilities. The strategy is guided by careful market assessments and focuses on adding value to customers' investments in SAP, expanding the company's abilities to support customers and partners in their sustainability approach. Through the acquisition of TechniData, SAP gains both a more comprehensive service offering and the talents of accomplished employees with deep knowledge of customer processes as well as SAP products and integration technologies.
The SAP® EHS Management application helps companies address regulatory compliance in the areas of product, plant and people safety. It helps to reduce both EHS risks and compliance cost at the same time, a result unobtainable in traditional labor-intensive and error-prone non-IT-supported compliance processes. The solution is designed to natively integrate into SAP® Business Suite software.
"Sustainability is about holistically managing economic, environmental and social risks and opportunities. IT can help organizations execute their sustainability strategies in a way that drives short- and long-term profitability," said Peter Graf, chief sustainability officer and executive vice president of Sustainability Solutions, SAP. "SAP and TechniData share this comprehensive view of sustainability. As a result, our customers enjoy more homogeneity of their IT infrastructure, lower cost of integration, and cutting edge sustainability processes combined with comprehensive analytics and reporting capabilities."
SAP anticipates that the acquisition will be completed in the beginning of the third quarter of 2010 and will provide additional details about future plans after the closing of the transaction. Terms and purchase price are not publicly disclosed.
TechniData is a leading provider of end-to-end solutions for Environment, Health and Safety (EHS). This includes solutions for Product Safety and Stewardship, Health and Safety as well as Environmental Performance. The company, which was founded in 1985 and is headquartered in Markdorf at Lake Constance (Germany), helps around 1,600 customers worldwide to shape their business processes in a way that is sustainable, efficient and legally compliant. The TechniData portfolio includes process consulting, software, implementation, EHS expert services and knowledge-based content products providing information on laws, phrases, rules and report templates. TechniData and SAP AG have established a strategic development partnership for the SAP EHS Management software solution. In fiscal year 2008, TechniData recorded sales of EUR 64.9 million with a workforce of around 500 in Germany and abroad. The TechniData Group is represented through subsidiaries and branches in Europe, America and Asia. Further information is available at http://www.technidata.com/.
SAP is the world's leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 95,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol "SAP." For more information, visit http://www.sap.com.
(*) SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.
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