A&O Shearman advises SAP on strategic AI acquisitions of Dremio and Prior Labs
A&O Shearman advises SAP on strategic AI acquisitions of Dremio and Prior Labs
Publish Date: 2026-05-11 11:39:00
Source Domain: www.aoshearman.com
- A&O Shearman is advising SAP SE on the acquisitions of Dremio and Prior Labs to enhance SAP’s enterprise AI and data infrastructure.
- The acquisition of Dremio aims to integrate SAP’s Business Data Cloud and HANA Cloud offerings, optimizing data integration and reducing fragmentation.
- The acquisition of Prior Labs will be independent, with SAP investing over EUR1 billion to form a leading AI research lab focusing on tabular foundation models (TFMs), which are specialized for structured data analysis.
- SAP intends to establish a new category in TFMs, which differ from large language models by focusing on business outcomes based on tabular data.
- Both acquisitions are slated to close in the third quarter of 2026, pending regulatory approvals and customary closing conditions.
- The transactions underscore A&O Shearman’s cross-border expertise in advising on cutting-edge AI-related matters with integrated teams across the U.S., Germany, and other jurisdictions.
