SAP Co-CEO Says He’s Looking for Acquisition Opportunities

SAP AG, the world’s largest maker of business-management software, is “looking for opportunities” to fuel growth, though it won’t make an acquisition just to increase market share, Co-Chief Executive Officer Jim Hagemann Snabe said.

“We don’t believe it’s a viable long-term solution to buy market share in an industry that requires innovation,” Snabe said in an interview with Bloomberg television in London today. “We believe in a strategy to move us forward and not consolidating the past.”