Public disclosure of inside information according to article 17 MAR
Software AG: Software AG sells its webMethods and StreamSets businesses
to International Business Machines Corporation – IBM for EUR 2.13 billion
Darmstadt (pta006/18.12.2023/08:05 UTC+1)
Software AG (Frankfurt: ISIN DE000A2GS401) today agreed to sell its webMethods and StreamSets businesses to International Business Machines Corporation – IBM. Certain overhead functions servicing these businesses remain with Software AG. The Supervisory Board of Software AG has approved the respective decision by the Management Board. The agreed purchase price amounts to EUR 2.13 billion, subject to customary closing adjustments.
The consummation of the transaction is subject to customary conditions, including regulatory approvals. The transaction is expected to be completed in the second quarter of 2024.
Software AG
The Management Board
Person making the notification:
Robert Hildebrandt
Director, Investor Relations
E: robert.hildebrandt@softwareag.com
T: +49 6151 92-1040
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Emitter: |
Software AG Uhlandstraße 12 64297 Darmstadt Germany |
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Contact Person: | Investor Relations | |
Phone: | +49 615192 1900 | |
E-Mail: | Investor.Relations@softwareag.com | |
Website: | www.softwareag.com | |
ISIN(s): | DE000A2GS401 (Share) | |
Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Munich, Stuttgart, Tradegate |