SAP to acquire Belgian AI workforce firm TechWolf
SAP has agreed to buy Belgian company TechWolf. The deal was announced on October 6.
TechWolf analyses workforce data to map employee skills and tasks. Its platform helps firms plan hiring and reskilling.
SAP will make TechWolf the core of its workforce software. The tech will feed into SAP SuccessFactors.
TechWolf will stay independent under CEO Andreas De Neve. It keeps its Ghent headquarters and will serve non-SAP customers too.
The deal is expected to close in the fourth quarter. It needs regulatory approval first.
TechWolf is headquartered in Ghent, Belgium. Its platform builds a skills map from company data. SAP’s SuccessFactors is its human capital software suite. The acquisition fits SAP’s push into AI-driven HR tools. Terms of the deal were not disclosed. Both companies said they already share customers. The deal is SAP’s latest AI acquisition. Enterprise software firms are racing to add AI features. TechWolf’s research team will join SAP.
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