Thomson Reuters offers $627 mln for Pagero acquisition

Thomson Reuters Corporation announced a recommended public tender offer to acquire 100 per cent of Swedish e-invoicing and indirect tax solutions firm Pagero for $627 million, Reuters reported on Thursday. 

Pagero said that its largest shareholders—Summa Equity and Chief Executive Bengt Nilsson, who together hold more than 40 per cent of the outstanding shares and votes—plan to accept the Thomson Reuters offer.

This strategic move not only outbids Vertex’s offer of 36 crowns per share but also fortifies Thomson Reuters’ position in the e-invoicing and tax compliance services sector.

“We believe the Offer we have presented today reflects an attractive premium for shareholders, supported by the recommendation from Pagero’s independent bid committee,” said President and CEO of Thomson Reuters Steve Hasker.