US private equity firm wants to take over Software AG

Private equity investor Silver Lake has tabled a bid to take over Software AG, a longstanding stalwart of the European software industry, for an implied value of around €2.2 billion.

It was launched and is still based in Germany and trades on the Frankfurt Stock Exchange. Notable customers include leading UK retailer Tesco, European aerospace manufacturer Airbus, the United States Army, Australia Post, and German industrial giant Siemens.

Source: Tech Daily Report (techdailyreport.net)

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