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Thomson Reuters Corporation acquires majority interest in Pagero - a World Leader in E-Invoicing

Jan 15, 2024almost 2 years ago

Acquiring Company

Thomson Reuters

Acquired Company

Pagero

GlobalSwedenFinancial ServicesFintechFinancial ServicesE CommerceSoftware

Description

Thomson Reuters Corporation has acquired approximately 53.81 per cent of the shares in Pagero Group AB (publ) from key shareholders, making Thomson Reuters the majority shareholder. This acquisition reinforces Thomson Reuters' commitment to enhancing its indirect tax offerings and providing automated, secure, and compliant tax solutions to its global customer base. The acquisition aligns with the companies' joint vision for a connected suite of global indirect tax, reporting, and e-invoicing capabilities, and ensures continuity for Pagero's community of indirect tax customers.

Company Information

Company

Thomson Reuters

Location

Global, Ontario, Canada

About

Thomson Reuters Corporation is a global content and technology company that provides tailored information, essential insights, innovative solutions, and tools to professionals in the legal, tax and accounting, news and media, and financial services markets. With a diverse and trusted collection of professionals, the company helps customers navigate the rapidly changing global business landscape with confidence.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed