SAP Says It’s Open to Acquisitions After Qualtrics Sale (1)

SAP SE, which recently agreed to divest its stake in Qualtrics International Inc., is open to making acquisitions again if they are a “strategic fit,” Chief Financial Officer Dominik Asam said.

Asam spoke to Bloomberg after the announcement of a €5 billion ($5.4 billion) share buyback, precipitated by the company’s Qualtrics sale. The scale of that repurchase effort won’t limit the company’s ability to pursue deals if they make sense, he said.

“There is no pressure on us to do acquisitions, but, should there be opportunities, we are prepared for that still — even after that share repurchase,” ...