SAP to acquire workforce data firm TechWolf

Oct 6 (Reuters) - German ‌software ​company ​SAP said on Tuesday it had agreed to buy TechWolf, a ‌Belgian company that analyses workforce data ⁠to map employees' skills and tasks, for ‌an undisclosed sum.

The deal ‌gives SAP a view of its customers' workforces that its own HR software ​lacks, at a time when companies reorganise around AI and need to ⁠know which skills they have and which they are ​losing.

• SAP expects to close the acquisition in the fourth quarter, ​subject to regulatory approval

• ‌It plans to make TechWolf the core of its workforce ⁠software for planning hiring, retraining and reorganisation

• TechWolf will stay independent under CEO Andreas De ⁠Neve, keep its Ghent headquarters and continue to ​serve non-SAP customers

• The head of SAP's autonomous software division, Manoj Swaminathan, said TechWolf's data will make SAP's ‌AI assistant cheaper to run and better at answering questions

• ‌SAP said the two companies already ⁠share customers, but ‌named none and ​gave no figures

(Reporting by Leo Marchandon in Gdansk, editing by Milla ‌Nissi-Prussak)

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