Though its headquarters and registered company place stay in Walldorf, Germany, SAP is now legally a European Company (Societas Europaea, SE). After a 99% approval by its annual general meeting in May, the company has now been registered as a European Company by the Commercial Register. 
Though its headquarters and registered company place stay in Walldorf, Germany, SAP is now legally a European Company (Societas Europaea, SE). After a 99% approval by its annual general meeting in May, the company has now been registered as a European Company by the Commercial Register. The German subsidiary, as a consequence, has changed its name to SAP Deutschland SE & Co KG.
With this step, SAP is looking to underscore its international nature. The SAP Supervisory Board now holds five of 18 members that are of non-German background: three on the shareholder representative side, Pekka Ala-Pietla (Finland), Bernard Liautaud (France) and Jim Snabe (Denmark), as well as Catherine Bordelon (France) and Steffen Leskovar (Slovenia) as representatives of the employees. In the composition of the Supervisory Board, SAP is one of the top three international companies of the German Blue Chips, DAX 30.
SAP's transformation into an SE has no consequences for its contract partners, customers or employees. Employee contracts will continue as before and shop agreements are being retained. Shareholders' rights have not been altered by the new legal form, and the conversion also has no impact on stock exchange trading of SAP shares. SAP shares are listed on the stock exchanges of New York, Frankfurt, Stuttgart and Berlin and can be traded there.