Vertex, Inc. (NASDAQ: VERX) has commenced a public tender offer for 100% of the shares of Pagero Group AB (publ) at a price of 36 SEK in cash per share, equivalent to a total tender value of approximately $555 million. The acquisition of Pagero will accelerate the companies’ partnership to provide multinational companies with an end-to-end solution to automate business transactions and manage indirect tax, reporting, and e-invoicing compliance globally. Leveraging Pagero’s platform and global network, Vertex will extend its leadership by adding new digital transformation and e-invoicing capabilities to its portfolio. The combined platform will help customers seamlessly facilitate the creation, exchange, and clearance of jurisdictionally-compliant e-invoices, enabling companies to reduce friction and improve efficiency of their compliance and reporting operations. This acquisition is expected to significantly expand Vertex’s market opportunity in the e-invoicing market.
Source Yahoo
