Thomson Reuters Corporation successfully acquired Pagero Group AB for approximately $1.086 billion (USD 800 million), marking its sixth deal since the beginning of 2023, with a total acquisition value nearing $2.1 billion. This strategic move enhances Thomson Reuters' portfolio, promising exciting growth prospects. Pagero, a leader in e-invoicing and indirect tax solutions, operates a Smart Business Network that connects 90,000 customers across 14 million companies globally, facilitating secure and compliant document exchanges integrated with ERP systems.

Steve Hasker, President and CEO of Thomson Reuters, praised the acquisition's strategic and cultural fit, committing to invest in Pagero and its talented team. The acquisition aims to accelerate a shared vision for global e-invoicing capabilities, responding to over 80 countries' e-invoicing regulations. Pagero's network complies with mandates in over 75 countries, offering significant growth opportunities.

The integration of Pagero with Thomson Reuters' ONESOURCE suite is expected to deliver enhanced compliance, workflow automation, and global scale. Pagero's CEO, Bengt Nilsson, highlighted the merger's potential to create unparalleled market value and build the world's largest network for secure, compliant business transactions. Thomson Reuters plans to maintain continuity for customers, partners, and colleagues, leveraging Pagero's network for further compliance offerings across its portfolio. Nilsson will report to Hasker, with Pagero's financials integrated into Thomson Reuters' Corporates segment, anticipating robust profitability as investments scale.