Thomson Reuters Corporation acquires majority interest in Pagero - a World Leader in E-Invoicing
Jan 15, 2024•almost 2 years ago
Acquiring Company
Thomson Reuters
Acquired Company
Pagero
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.
M&A Insights
Based on deal dataIntegration 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