SAP SE (XTRA:SAP) entered into an agreement to acquire LeanIX GmbH on September 7, 2023. The transaction is subject to customary closing conditions and regulatory approvals. The transaction is expected to complete in the fourth quarter of 2023. Thomas Forschbach, Maximilian Platzer, Michael Anastasio, Verena Seevers, Austin Ozawa, Katharine Moir, Leah Segall, Max Hauser, Jonathan Parker, Jean-Luc Juhan, Wolf-Tassilo Böhm and Florian Dehmel of Latham & Watkins LLP acted as legal advisor to the investors of LeanIX. The Bundeskartellamthas cleared the planned acquisition of LeanIX in the first phase of merger control. The authority's investigations had shown that the merger was not expected to significantly impede effective competition. Nicolas Gabrysch and Konstantin Ewald of Osborne Clarke Rechtsanwälte Steuerberater Partnerschaft mit beschränkter Berufshaftung acted as legal advisor to Deutsche Telekom Capital Partners Management GmbH. Aggarwal, Sonya and Ahrens, Boerries of Allen & Overy LLP acted as a legal advisor for SAP SE (XTRA:SAP).

SAP SE (XTRA:SAP) completed the acquisition of LeanIX GmbH on November 8, 2023.