SAP AG (NYSE: SAP) and Ariba, Inc. (NASDAQ: ARBA) said that the UK Office of Fair Trading has advised it will not refer the acquisition of Ariba by SAP to the UK Competition Commission.
SAP and Ariba anticipate completing the acquisition at the beginning of the fourth quarter of calendar year 2012 after receiving clearance from the U.S. Department of Justice, the last remaining regulatory condition for the transaction.
Ariba combines industry-leading cloud-based applications with the world’s largest web-based trading community to help companies discover and collaborate with a global network of partners. SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 195,000 customers (includes customers from the acquisition of SuccessFactors) to operate profitably, adapt continuously, and grow sustainably.
