NYSE-listed SAP AG, the world's leading provider of e-business software solutions, has revealed its plan to acquire Switzerland-based software developer SAF AG for around $100 million.

The company intent to make a public tender offer to purchase all shares in SAF Simulation, Analysis and Forecasting AG.

SAP intends to offer SAF shareholders an amount of EUR 11.50 per share, which represents a 9.5% premium according to the XETRA closing price (EUR 10.50) for the SAF share on July 17, 2009.

SAF specializes in the development of ordering and forecasting software for the retail, logistics and industrial sectors. Through the intended acquisition, SAP plans to further extend and complement its current planning, forecasting and replenishment solution portfolio for retail and wholesale companies.