Mergers & Acquisitions
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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.
SAP to Acquire Concur Technologies
- Client News
- September 18, 2014
As reported in The Wall Street Journal and other media
outlets, Paul, Weiss client SAP SE announced that subsidiary SAP
America, Inc. has entered into an agreement to acquire Concur
Technologies, a leading provider of travel and expense management
software, for a purchase price of $8.3 billion. With the addition
of Concur, SAP's business network will transact more than $600
billion annually, deliver frictionless commerce across more than 25
different industries and address annual corporate travel spending
of $1.2 trillion worldwide.
The transaction is expected to close in the fourth quarter of 2014 or the first quarter of 2015 and is subject to Concur stockholder approval, clearances by the relevant regulatory authorities and other customary closing conditions.
The Paul, Weiss team included corporate partners Toby Myerson, Steven Williams and Lawrence Wee and counsel Edward So; and litigation partner David Ball.