German business software maker SAP AG said Wednesday it is acquiring TechniData AG, a longtime strategic partner that makes software to help companies comply with environmental, health and safety regulations.
Terms of the deal were not disclosed. The acquisition is expected to be completed early in the third quarter.
TechniData, based in Markdorf, Germany, employs nearly 500 people and had revenue of 64.9 million euros ($87 million) in fiscal 2008.
SAP said the acquisition will expand its ability to support customers and partners in the environmental, health and safety field.
American depository shares of SAP fell 16 cents to $48.80 in Wednesday afternoon trade.