SAP AG announced today the completion of the cash tender offer for all outstanding shares of common stock of Sybase, a partner and a market leader in managing, analyzing, and mobilizing business information. Through this transaction, SAP said it intends to accelerate the reach of SAP solutions across mobile platforms and drive forward the realization of SAP's in-memory computing vision.
SAP AG last week obtained approval from the European Commission for the acquisition of Sybase, Inc.
According to an announcement, dated July 20, on EUROPA, the official website of the European Union, the European Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area ("EEA") or any substantial part of it. SAP was described in the announcement as the leading supplier of enterprise application software solutions worldwide and mainly active in this market, while Sybase was described as a software vendor focusing on databases, middleware and mobile enterprise solutions. According to the announcement, the vendors' activities overlap "to a minor extent in the fields of (a) databases, where SAP sells its solution as part of a suite only and not on an independent basis; (b) data warehousing tools and (c) mobile middleware, that is infrastructure software used to enable the mobile use of enterprises application software with a variety of mobile devices, where SAP has however a limited presence."
SAP said in its announcement today that the planned acquisition supports SAP's strategy of pursuing acquisitions that complement its portfolio and offer additional value to customers worldwide.
More information on the European Commission decision is available here. http://ec.europa.eu/competition/elojade/isef/case_details.cfm?proc_code=2_M_5904
For more information about SAP, go here. http://www.sap.com/about/investor/press.epx?pressid=13635