SAP SE (ADR) To Acquire Concur Technologies Inc.

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On Thursday after hours, SAP SE ADR SAP and Concur Technologies Inc. CNQR announced that SAP’s Subsidiary, SAP America Inc. has entered into an agreement to acquire Concur Technologies in a deal valued at $8.3 billion. The deal is expected to close in the fourth quarter 2014.

Concur Technologies is the leader in the multi-billion market for travel and expense management software; together the combined companies will have more than 50 million users in the cloud.

Posted In: NewsM&A
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