SAP to acquire Ghent AI firm TechWolf

On 06.10.2026 SAP agreed to acquire TechWolf, an AI company from Ghent whose platform uses existing HR and business data to build a continuously updated picture of a workforce's tasks and skills; the technology is to become the core of SAP's SuccessFactors HR software portfolio. The parties did not disclose a price, and closing is expected in the fourth quarter of 2026, subject to regulatory approval. TechWolf was founded in 2018 by students of Ghent University, had revenue of €8.68m in its last financial year and is to continue as an independent unit headquartered in Ghent; according to CEO Andreas De Neve it is the largest acquisition of a venture-backed software company in Belgian history (SAP, 06.10.2026; second source: VRT NWS, 06.10.2026).