SAP confirms acquisition of digital adoption platform WalkMe for $1.5 billion in cash.

The deal includes a 45.2% premium on WalkMe's stock price and is expected to close in the third quarter, pending regulatory approval.

SAP aims to enhance its AI offerings and business management portfolio with WalkMe's technology.

WalkMe's technology will be integrated into SAP applications such as S/4 HANA ERP business suite.

Plans to launch WalkMeX copilot for improved productivity gains are underway.

The acquisition has led to a 42% surge in WalkMe's stock and a 2% increase in SAP's ADRs, indicating investor confidence.

WalkMe's CEO, Dan Adika, foresees significant growth opportunities and market expansion, stressing the importance of aiding end users in quickly adopting new solutions.