US investigates tech firms SAP, Carahsoft for potential price-fixing, Bloomberg News reports

(Reuters) - The U.S. is investigating several companies, including German software developer SAP SE (ETR:SAPG ) and Carahsoft Technology, for potentially conspiring to overcharge government agencies over the course of a decade, Bloomberg News reported late on Tuesday.

The U.S. Department of Justice (DOJ) lawyers have been investigating since at least 2022 whether SAP illegally conspired with the IT solutions provider to fix prices on sales to the U.S. military and other government entities, the report said, citing federal court records filed in Baltimore.

SAP, Carahsoft, and the DOJ did not immediately respond to requests for comment outside regular business hours.



Earlier in the day, Bloomberg reported that U.S. federal agents searched the Washington-area offices of Carahsoft. A Carahsoft representative told Bloomberg that the investigation was into a company with which Carahsoft has done business in the past.

SAP has had previous run-ins with the Justice Department, and earlier this year the German technology giant agreed to pay about $222 million to resolve investigations into bribery schemes in seven countries.

Source: Investing.com