For that purpose, the company now signed an agreement to acquire 74.9 percent of Heidelberg-based EXA. EXA is a provider of transformation solutions in financial management, in particular in the areas of operational transfer pricing and global value chains.
EXA’s solutions enable companies to manage their supply chains with software support and monitor their internal transfer prices transparently and efficiently. This is a decisive advantage, especially for globally operating companies. In addition, the acquisition will increase the share of recurring revenue within the SNP group.
EXA was founded in 2012 and currently employs about 140 people, of which 30 are based in Germany and 110 in India.