SAP Overtakes Siemens as Germany’s Most Valuable Company
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SAP AG, the largest maker of business-management software, toppled Siemens AG to become the most valuable publicly traded German company, overtaking the 164-year-old engineering giant for the first time.
SAP’s valuation reached 62.4 billion euros ($75.3 billion) at the close of trading in Frankfurt today, compared with Siemens’s 61.3 billion euros and Volkswagen AG’s 59.9 billion euros, data compiled by Bloomberg show. SAP rose as much as 4.2 percent in Frankfurt trading after saying it’s taking market share amid a slowing industry.