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FRANKFURT (Reuters) - German business Software can spend 1-1.5 billion euros ($1.15 billion-$1.73 billion) on acquisitions, CEO Sanjay Brahmawar told Reuters on Thursday, as he seeks to drive growth in data integration and the industrial internet.
Brahmawar, a former IBM executive appointed last year, said in an interview there would be no staff layoffs under a strategy overhaul that he has led at Darmstadt-based Software AG. Larger competitor SAP said this week it would let go of more than 4 percent of its workforce.
(Reporting by Douglas Busvine; Editing by Riham Alkousaa)
| 1st Jan change | Capi. | |
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| +27.46% | 222B | |
| +10.63% | 321B | |
| +2.33% | 148B | |
| +16.49% | 59.26B | |
| +10.55% | 31.8B | |
| +1.14% | 29.89B | |
| +100.06% | 22.41B | |
| +28.33% | 20.98B | |
| +2.86% | 15.07B | |
| +46.88% | 14.89B |
SAP SE 
