SAP (SAP) Acquires Fieldglass, But Remains Mum on Financial Details
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SAP AG (NYSE: SAP) was rumored to be mulling a potential $1-billion-plus acquisition which was speculated to be announced today.
As it so happens, SAP did announce plans to acquire Fieldglass, a
Reaching out to SAP, one company spokesperson told Streetinsider.com, We are not disclosing the deal value or the financing at this stage ... any reporting on financial effects would come after the close of the transaction. Closing of the transaction is expected in Q214, according to the release.
Shares of SAP are up 0.5 percent.
As it so happens, SAP did announce plans to acquire Fieldglass, a
provider for procuring and managing contingent labor and services.However, valued of the deal wasn't disclosed.
Reaching out to SAP, one company spokesperson told Streetinsider.com, We are not disclosing the deal value or the financing at this stage ... any reporting on financial effects would come after the close of the transaction. Closing of the transaction is expected in Q214, according to the release.
Shares of SAP are up 0.5 percent.
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