STOCKHOLM - In a significant expansion of its digital offerings, Thomson Reuters (TSX:TRI) (NYSE:TRI) has successfully acquired a majority stake in the E-invoicing company Pagero Group. The transaction saw the global news and information firm increasing its bid to SEK 50 per share, lifting the overall value of the deal to around SEK 8.1B.
The move, part of Thomson Reuters' strategy to strengthen its position in the digital financial services space, involved the purchase of shares from key stakeholders, including Pagero Group's CEO Bengt Nilsson. The acquisition is anticipated to be finalized with share settlements expected around February 16.
Pagero Group, specializing in e-invoicing and automating business processes, aligns with Thomson Reuters' vision of delivering comprehensive solutions that cater to the evolving needs of the global business community. The integration of Pagero's technology is poised to enhance the efficiency and connectivity of Thomson Reuters' customers, particularly in the face of the digital transformation that is reshaping industries worldwide.
The financial details of the deal have been disclosed, confirming the increased bid and the subsequent rise in the transaction's total value.
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