May 5, 2020 / 4:57 AM / 25 days ago

Sweden's Sinch to acquire SAP Digital Interconnect for 225 mln euros

May 5 (Reuters) - Swedish cloud computing services provider Sinch AB said on Tuesday it agreed to acquire SAP Digital Interconnect, a unit of SAP SE, for 225 million euros ($245 million) in cash.

Sinch, which will finance the transaction using cash at hand and available credit facilities, said cost savings from the combination of the companies on a preliminary basis is expected to reach 11 million euros in fiscal year 2022. ($1 = 0.9174 euros) (Reporting by Juby Babu in Bengaluru; Editing by Amy Caren Daniel)

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