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SAP also provides ad-hoc news in compliance with Section 17 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council (Market Abuse Regulation), which requires public companies to publish any company news that could significantly influence share price.

SAP SE to Acquire Qualtrics International Inc.

SAP SE / Key word(s): Takeover
SAP SE: SAP SE to Acquire Qualtrics International Inc.

11-Nov-2018 / 23:53 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


WALLDORF, Germany - November 11, 2018 - SAP SE (NYSE: SAP) and Qualtrics International Inc. (Qualtrics) today announced they have entered into a definitive agreement under which SAP SE intends to acquire Qualtrics, the global pioneer of the experience management (XM) software category that enables organizations to thrive in today's experience economy. Qualtrics' XM Platform collects feedback and data across the four vital areas of a business - customers, employees, product, and brand - that are essential in a world where companies succeed or fail based on the experiences they deliver.

Under the terms of the agreement, SAP will acquire all outstanding shares of Qualtrics for US$8 billion in cash. SAP has secured financing in the amount of EUR7 billion to cover purchase price and acquisition-related costs. The purchase price includes unvested employee incentive compensation and cash on the balance sheet at close. Subject to customary closing conditions and attainment of regulatory clearances, the acquisition is expected to close in the first half of 2019. The Boards of Directors of SAP and Qualtrics have approved the transaction. Qualtrics' shareholders have also approved the transaction.

Qualtrics expects full year 2018 revenue to exceed US$400 million and projects a forward growth rate of greater than 40%, not including potential synergies of being part of SAP.

Following the closing of the transaction, Qualtrics is expected to maintain its leadership, personnel, branding and culture, operating as an entity within SAP's Cloud Business Group. Ryan Smith will continue to lead Qualtrics, and Qualtrics is expected to continue to maintain dual headquarters in Provo, Utah, and Seattle, Washington.

Contact:
Stefan Gruber, Head of Investor Relations, SAP SE, +49 6227 7-44872, stefan.gruber@sap.com


Information and Explanation of the Issuer to this News:

SAP and Qualtrics will host a joint conference call for financial analysts and investors on November 12, 2018 at 7 a.m. CET (1 a.m. ET November 12, 10 p.m. PT November 11) regarding this transaction. The call will be available to international callers at +44 330 336 9411, to U.S. callers at +1-929-477-0402, conference code: 965 66 37, and via webcast at https://broadcast.co.sap.com/go/investor. A replay will be provided later on http://www.sap.com/investor.


Legal Disclaimer:
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'estimate,' 'expect,' 'forecast,' 'intend,' 'may,' 'plan,' 'project,' 'predict,' 'should' and 'will' and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ('SEC'), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.


11-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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