Software AG is allegedly examining a multi-billion dollar sale

Software AG logo

The Darmstadt-based company is the number two German software company after SAP.

(Photo: dpa)

Berlin According to an agency report, Software AG is considering a sale. Various strategic options would be examined, including a sale of the company valued on the market at just under 2.6 billion euros, Bloomberg reported on Thursday, citing people familiar with the matter.

The deliberations are at an early stage and it is unclear whether there will ultimately be a sale. Software AG, which is in the middle of a major corporate restructuring, did not want to comment. The shares listed in the MDax average index gained more than eleven percent in late trading.

The number two in Germany behind SAP has been focusing more on the cloud for some time and thus on recurring sales through subscriptions instead of licenses that are paid for once. It took a long time before the Darmstadt-based company was able to return to growth.

Software AG’s major shareholder is the Software AG Foundation, which holds 31 percent of the company founded in 1969. The founder of the company and the foundation is Peter Schnell, who contributed all shares in the company to the foundation in the 1990s.

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