Allen & Overy LLP has advised SAP AG in connection of its planned acquisition of Fieldglass, the global technology leader in contingent workforce management based in Chicago (USA).

SAP is financing the acquisition partly from a syndicated facility arranged by Morgan Stanley. The transaction is still subject to approval by the competent anti-trust authorities. It is expected to be closed in the second quarter of 2014.

The Allen & Overy team comprised partner Thomas Neubaum, counsel Dr Mark Hallett and associate Dr Alexander Schilling (all Banking, Frankfurt).