Sinch AB will acquire SAP Digital Interconnect
- The MergerSight Group
- May 5, 2020
- 1 min read
Sinch AB, a Swedish cloud computing service provider, is set to acquire SAP Digital Interconnect for $245M.
“The deal significantly strengthens Sinch’s customer facing operations and product and engineering resources in the United States and gives the company a larger presence in the San Francisco Bay area where SAP Digital Interconnect is headquartered”
SAP SE Press Release
Sinch plans on financing the acquisition with a mix of cash and debt. The deal is expected to close in the second half of next year with Sinxh expecting net-cost synergies of almost $12M.
