GFT Acquires SAP Specialist Megawork to Accelerate Strategic Growth
With this acquisition, GFT formally enters the SAP ecosystem – built around one of the most influential software companies worldwide. The move paves the way for GFT to offer a comprehensive SAP portfolio, supported by its GenAI product Wynxx to help accelerate and streamline SAP transformations. This offering will include implementation, upgrades, migrations, and ongoing support, while also embedding its next-generation AI capabilities to help clients navigate the evolving SAP landscape, particularly around SAP Cloud ERP.
'This deal reflects our ambition to scale into high-margin, high-value added services with SAP, one of the world's most recognized ISVs,' said Marco Santos, Global CEO of GFT. 'Megawork's SAP expertise, combined with GFT's leadership in cloud and AI, forms a powerful growth engine for the future. We want to massively improve the efficiency of SAP migrations, upgrades and implementation projects by 40 percent or more with our leading GenAI Product Wynxx. It's a natural next step as we continue to go beyond traditional transformation and deliver real business impact.'
'For everyone at Megawork and all our clients, this marks an exciting new chapter,' said Alexandro Carvalho, CEO of Megawork. 'Megawork becoming part of GFT gives our clients access to a global talent pool, cutting-edge innovation, and a broader set of capabilities to support their digital transformation journeys – regarding their SAP projects and beyond. We see a strong cultural and strategic fit, and this will strengthen our ability to deliver even greater value to our clients.'
GFT is acquiring Megawork in an all-cash transaction, fully financed from existing funds, from the company's founders. The current leadership team are staying on to ensure continuity and a smooth transition.
The acquisition advances GFT's five-year strategy. It accelerates the company's growth by opening new industry verticals – especially in manufacturing, pharma, public sector, energy, and consumer goods – where SAP is deeply embedded. And critically, it solidifies GFT's position in high-value added services by initiating collaboration with SAP. This partnership has the potential to enhance both GFT's revenue growth and profitability, as SAP services represent a higher-margin segment with sustained global demand.
A key strategic advantage of the acquisition is the integration of Wynxx, GFT's GenAI product, into Megawork's SAP services. Wynxx will play a central role in accelerating SAP Cloud ERP migrations and project implementation, driving automation, reducing complexity, and unlocking faster time-to-value for clients.
This not only reinforces GFT's AI leadership but also positions the company as a preferred partner for clients seeking to adopt SAP's AI-powered innovations.
The acquisition also unlocks substantial cross-selling opportunities. A majority of GFT's existing global client base already uses SAP, presenting a clear path to expand services, secure new project wins, and deepen client relationships. Conversely, Megawork's clients will now benefit from GFT's strengths in cloud transformation, AI, data platforms, and Salesforce. There is minimal client overlap between GFT and Megawork, which presents clear opportunities for complementary growth and cross-selling across both portfolios.
Megawork's team consists of approximately 350 highly skilled professionals. They are specialized in SAP consulting, support, and implementation. In 2024, the company reported revenues of around €14 million and an EBITDA margin of 21 percent, underscoring its strong profitability and operational efficiency.
The closing of the transaction is planned for the fourth quarter of 2025 at the latest. The transaction is subject to approval by the national antitrust authority in Brazil.
This press release is also available for download via the GFT newsroom
About GFT
GFT Technologies is a responsible AI-centric global digital transformation company. We deliver advanced Data & AI transformation solutions, modernize technology architectures, and develop next-generation core systems for industry leaders in Banking, Insurance, Manufacturing and Robotics. Partnering closely with our clients, we push boundaries to unlock their full potential.
With deep industry expertise, cutting-edge technology, and a strong partner ecosystem, GFT delivers responsible AI-centric solutions that combine engineering excellence, high-performance delivery, and cost efficiency. This makes us a trusted partner for sustainable impact and customer success.
Our team of 12,000+ technology experts operate in 20+ countries worldwide, offering career opportunities at the forefront of software innovation. GFT Technologies SE (GFT-XE) is listed in the SDAX index of the German Stock Exchange.
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