Gothenburg, 16th of January 2018: Effective from 1st of January 2018, Pagero Group acquires 100% of HBS (Health Business Solutions) GMBH. The acquisition further strengthens Pagero’s presence in Germany, Austria and Switzerland (the DACH region) and increases HBS’ applications availability outside the DACH market. The acquisition is funded by Summa Equity and other shareholders in Pagero.

In June 2017, Pagero and HBS entered into a global cooperation agreement to offer a joint solution for the healthcare sector. The result of this initiative has been well received both from customers and internal operations. For this reason, it is a natural next step to merge both organisations into one company under the same ownership.

“By combining forces, our customers will benefit from working with a Pan-European organisation with global reach and a combined R&D budget of more than 110,000 developing hours being infused into the platform on a yearly basis”, says Bengt Nilsson, CEO of Pagero Group.

“The combination of HBS’ well renowned applications for the healthcare market (O2C and P2P) and the network capabilities of Pagero Online gives our customers a unique solution for delivering increased efficiency and patient safety”, says Norbert Kruchen, CEO of HBS.

About Pagero Group

Pagero Group develops and markets Pagero Online, a cloud based network platform for communication of business documents within the purchase-to-pay (P2P), order-to-cash (O2C) and logistics-to-pay (TMS) processes. Pagero Online is independent of ERP system and suits companies and organisations of all sizes, within all industries.

Our value-added services enable our customers to achieve accurate data and obtain a 100% digital inbound and outbound business document flow, resulting in minimal error handling, compliance with local VAT regulations, government regulations and control over company spend. Pagero Online is an open network with an extensive number of other networks for global reach.

Pagero Group has also specialised in certain verticals where we have domain knowledge, such as healthcare, manufacturing, oil and gas, energy, public sector and aviation.

Pagero Group has over 250 employees. It has its headquarter in Gothenburg, Sweden and offices in Stockholm, Oslo, Copenhagen, Helsinki, London, Dublin, Oberhausen, Amsterdam, Rome, Madrid, Paris, Istanbul, Chicago and Dubai.

For more information, please contact:

Bengt Nilsson
CEO, Pagero AB
+46-708 11 22 11

Norbert Kruchen