Brief: SAP To Acquire Prior Labs

SAP SE

04/05/2026 12:27

May 4 (Reuters) - SAP SE SAPG.DE:

TO ACQUIRE PRIOR LABS TO ESTABLISH A GLOBALLY LEADING FRONTIER AI LAB IN EUROPE

TO INVEST OVER €1 BILLION IN PRIOR LABS OVER NEXT FOUR YEARS

DEAL EXPECTED TO CLOSE IN Q2 OR Q3 2026

TERMS OF DEAL WERE NOT DISCLOSED

Source text: ID:nPn2DfS0sa

Further company coverage: SAPG.DE

 (Gdansk Newsroom)

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