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SAP to acquire Khimetrics

SAP is acquiring retail software maker Khimetrics after losing a bidding war for Retek.

SAP AG announced Tuesday plans to acquire retail software maker Khimetrics, a privately held start-up that develops analytical pricing and forecasting technologies that will bolster SAP's presence among retailers.

SAP's pending acquisition of Khimetrics comes months . SAP plans to enlarge its retail software suite with Khimetrics' revenue management and pricing software. Financial terms were not disclosed and the deal is expected to close in January.