0842 GMT - SAP's recent deals to acquire data platform Dremio and software company Prior Labs are expected to wipe out a few billion euros from its balance sheet, UBS analysts write in a note to clients. The German business-software group didn't disclose financial details for the two deals, but said it would invest more than 1 billion euros over the next four years to scale Prior Labs. "We see these deals as clearly enhancing SAP's capabilities," the analysts say. The Dremio and Prior Labs deals come less than two months after SAP struck an agreement to acquire U.S. data-management software provider Reltio, also for an undisclosed sum. SAP shares trade 0.5% higher at 148.86 euros. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
May 05, 2026 04:42 ET (08:42 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments