Reuters reports that U.S. private equity firm Silver Lake has secured 63 per cent of shares in German business software developer Software AG with an offer of 32 euros per share (about C$46.22 on Jun. 30), and plans to take the company private.
Software AG offers a suite of products across integration and API management, IoT and analytics, and business transformation. Its 2022 annual revenue was 958.2 million euros (about C$1.4 billion) with net income of 19.2 million euros (about C$27.74 million).
