German software company SAP has confirmed its agreement to acquire TechWolf, a Ghent-based provider of an artificial intelligence work intelligence platform, though the companies did not disclose the terms of the deal. According to reports from Reuters, the deal will provide SAP with comprehensive workforce intelligence capabilities that its current HR software lacks. The acquisition is strategically timed as companies reorganize around AI and need to understand their existing skill sets and workforce gaps, with TechWolf's AI technology mapping employees' skills and daily work tasks to help organizations plan hiring, retraining and reorganization.
As reported by Reuters, SAP expects to close the acquisition in the fourth quarter of 2026, subject to regulatory approval and customary closing conditions. The deal structure allows TechWolf to maintain its operational independence under CEO Andreas De Neve, with the company retaining its Ghent headquarters and continuing to serve its existing non-SAP customer base. The two companies will continue to operate separately until the acquisition closes, with TechWolf's platform remaining open to companies that do not use SAP software. JP Morgan served as the exclusive financial advisor to TechWolf, whose open-source models have been downloaded more than two million times.
According to Reuters, SAP plans to make TechWolf's technology a central component of its SuccessFactors HR software and Joule AI assistant. The head of SAP's autonomous software division, Manoj Swaminathan, indicated that TechWolf's proprietary context graph for skills and work provides an excellent grounding layer for agent queries regarding work and skills planning. TechWolf builds a continuously updated model of a company's workforce from existing HR and business systems, covering three levels: tasks within each job, skills staff hold and apply, and the external labour market. The platform draws on the human resources and business systems that customers connect, and models the work itself, the skills people apply and the external labor market against each customer's business strategy.
This acquisition extends SAP's significant run of AI purchases this year, following agreements to buy data management company Reltio in March and adding Dremio and Prior Labs in May. SAP committed more than €1bn to Prior Labs over four years, demonstrating its substantial investment in AI capabilities. The deal positions TechWolf as an independent unit under De Neve in Ghent, with offices in London, New York and San Francisco, maintaining its current customer base including HSBC, GSK, Ericsson, PayPal and Booking.com. TechWolf's CEO Andreas De Neve stated that the company had spent eight years building its platform and would use the acquisition to extend its work across a broader business context and at greater scale.
