SAP SE has announced its agreement to acquire WalkMe, a digital adoption platform provider, for approximately $1.5 billion. The acquisition aims to strengthen SAP's capabilities in helping organizations accelerate digital transformation and improve user experience across enterprise applications.

WalkMe's technology enables organizations to guide users through complex software processes, reducing friction and increasing productivity. By integrating WalkMe's solutions, SAP intends to offer customers enhanced support for onboarding, training, and ongoing software adoption.

The transaction is expected to close in the third quarter of 2024, subject to regulatory approvals and customary closing conditions. SAP has stated that WalkMe will continue to operate as an independent entity within the SAP Group.