Thomson Reuters, a leading global provider of news, information, and technology solutions, has increased its offer to acquire Pagero Group, a Swedish cloud-based platform for e-invoicing and business-to-business (B2B) transactions. The revised offer, valued at $789 million, surpasses the bid made by Avalara, a US-based tax software company. This latest development intensifies the competition in the e-invoicing market and positions Thomson Reuters as a frontrunner in the race to acquire Pagero.
Pagero Group, headquartered in Gothenburg, Sweden, offers a comprehensive suite of solutions that streamline and digitalize B2B processes, including e-invoicing, e-ordering, and supply chain automation. As businesses increasingly digitize their operations, the demand for efficient e-invoicing services has surged, making Pagero an attractive target for potential buyers.
