The European Commission has initiated an antitrust investigation into SAP, the German software giant, over allegations of anti-competitive practices in its enterprise resource planning (ERP) business. This investigation follows customer complaints regarding bundling and licensing issues.
In response to the investigation, SAP has proposed concessions in an effort to avoid potential fines that could reach up to 10% of its revenue, which exceeds €34 billion.
This development highlights ongoing scrutiny of major technology companies by regulatory bodies in Europe, as they seek to ensure fair competition in the market. For further context on regulatory actions, see recent developments in the economy.