Thomson Reuters Acquires Pagero, Expanding Global E-Invoicing and Indirect Tax Solutions

Thomson Reuters Corporation announced the completion of its acquisition of Pagero Group AB for approximately USD 800 million. This marks the sixth acquisition by Thomson Reuters since the beginning of 2023, totaling about $2.1 billion in investments. Pagero, known for its e-invoicing and Smart Business Network, connects 90,000 customers and reaches over 14 million companies worldwide, emphasizing the ease of automated, secure, and compliant business transactions.

Steve Hasker, President and CEO of Thomson Reuters, highlighted the strategic and cultural alignment between the companies, praising the potential of Pagero’s network to provide substantial value across the customer, supplier, and authority ecosystem. The acquisition aims to accelerate the development of a globally connected suite of e-invoicing capabilities, responding to the growing global demand for such solutions.

The merging of Thomson Reuters and Pagero’s capabilities is expected to yield significant customer benefits by leveraging compliance, automation, and a unified service model. Bengt Nilsson, CEO of Pagero, expressed enthusiasm over joining forces with Thomson Reuters, anticipating the creation of the world’s largest business network for secure and compliant transactions. This move underscores a strategic effort to adapt to the rapidly evolving industry landscape and to facilitate seamless global trade and regulation compliance.