Home > M.I.C.E > SAP to buy Concur for $8.3 billion

SAP to buy Concur for $8.3 billion

09/19/2014| 8:04:20 PM| 中文

Enterprise software giant SAP will spend $8.3 billion to get its hands on corporate travel-and-expense (T&E) management tech company Concur.

The deal values Bellevue, Washington-based Concur at $129 a share — a premium of 20% above its September 17 closing price.

SAP CEO, Bill McDermott, says:

"We are making a bold move to innovate the future of business within and between companies. With Ariba, Fieldglass and Concur, SAP is the undisputed business network company."

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TAGS: SAP | Concur | acquisition
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