Deals
SAP Finance Chief Says Company Done With Big M&A Deals for Now
- SAP is focused on paying down debt to improve flexibility
- Salesforce.com still not viable target at current valuation
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SAP SE, a year after its $7.4 billion acquisition of Concur Technologies, said remaining rivals are either too costly or don’t complement the German software maker’s businesses.
"I see no need in the foreseeable future for big acquisitions," Chief Financial Officer Luka Mucic said at a meeting with reporters Thursday at the company’s headquarters in Walldorf, Germany. "If you talk about big acquisitions, what is left in the market?" Salesforce.com Inc. is too expensive and Workday Inc. would overlap with SAP’s product line, Mucic said.