SAP AG, a company that has been seeking to make inroads into the insurance technology space for years, has announced its intent to acquire TechniData AG, a provider of product safety and environmental, health and safety (EHS) solutions.
At first glance, the announcement appears to have little relevance to the insurance industry. TechniData, based in Markdorf, Germany, provides systems integration, managed EHS (environmental, health and safety) services, regulatory content and software to help companies comply with regulatory challenges in these areas. The magic word here, however, is “comply.”
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