In today鈥檚 hyper-regulated, fast-paced global economy, compliance has outgrown its back-office roots鈥攊t鈥檚听now a strategic imperative. Rising complexity, shifting expectations, and the speed of business demand听a new approach. As underscored in听2025 Future of Professionals Report, corporate leaders face a persistent challenge: siloed teams that hinder collaboration, increase risk, and limit opportunity. It鈥檚 a challenge I鈥檝e seen firsthand, and it鈥檚 exactly what ONESOURCE+ was built to solve.听

At 成人VR视频, we view compliance not as a constraint, but as a catalyst for growth.听

Powered by agentic AI capabilities in CoCounsel, ONESOURCE+ delivers embedded, connected, and intelligent solutions that help corporations thrive amid constant change. From automating tax filings and accelerating trade classification to streamlining legal operations, ONESOURCE+ enables teams to shift from reactive compliance to proactive strategy.听

Building Bridges Across Tax, Trade, Legal, and Risk听

ONESOURCE+ redefines how corporations manage risk, navigate regulations, and unlock enterprise-wide value.听It鈥檚听not a single platform鈥攊t鈥檚听a scalable network that connects tax, trade, legal, and risk functions across the organization, transforming disconnected activities into coordinated, outcome-driven operations.听

This is a pivotal moment.听We鈥檙e听not just delivering听tools,听we鈥檙e听pioneering a new category:听Intelligent Compliance.听And听we鈥檙e听doing it with the depth, breadth, and trust that only 成人VR视频 can offer.听

Turning Compliance into Competitive Advantage听

It鈥檚听time to stop viewing compliance as a cost center.听Let鈥檚听start using it to propel business forward.听

Read the full press release听to explore how ONESOURCE+ is reshaping the future of compliance.听听

On January 11, 2024 成人VR视频 announced a recommended public tender offer to acquire 100 per cent of the shares of Pagero (the 鈥淥ffer鈥�). Today 成人VR视频 increases the price in the Offer to SEK 50 per share and declares the Offer unconditional (the 鈥淩evised Offer鈥�). The independent bid committee of Pagero’s board of directors unanimously recommends all shareholders of Pagero accept the Revised Offer.

Pagero is a global leader in e-invoicing and indirect tax solutions, which it delivers through its Smart Business Network. The Company links customers, suppliers, and institutions, allowing for the automated, compliant, and secure exchange of digital orders, invoices, and other business documents.

成人VR视频鈥� majority ownership of Pagero will enhance the strategic partnership announced in February 2023, accelerating the companies鈥� joint vision for a connected suite of global indirect tax, reporting and e-invoicing capabilities.

As many countries move towards legislating for real-time digital tax regulation, the e-invoicing compliance capabilities of Pagero complement and expand 成人VR视频鈥� ONESOURCE indirect tax offerings, providing enhanced compliance and workflow automation benefits to customers.

To ensure continuity for its community of Indirect Tax customers, 成人VR视频 is committed to maintaining Pagero as a market solution.

“Since the announcement of our initial offer for Pagero on 11 January, following constructive discussions with Bengt Nilsson, Summa Equity and other key shareholders of Pagero, we are pleased to have reached an agreement for them to sell their shares to 成人VR视频 鈥� making us the majority shareholder in Pagero at 53.81 per cent. This validates 成人VR视频 as the best home for Pagero and supports our shared vision to provide customers with automated, secure, and compliant tax solutions.鈥� Said Steve Hasker, CEO and President, 成人VR视频.

鈥淎gainst this background, we are confident in our revised and unconditional offer of SEK 50 per share to all remaining shareholders of Pagero, representing an increase of 25 per cent compared to our initial offer. We believe our revised offer is highly compelling for Pagero鈥檚 shareholders, confirmed by the unanimous recommendation from the independent bid committee. We look forward to closing out our offer and working together with the talented team at Pagero.”

Benefits of the proposed acquisition

• Significant e-invoicing growth opportunity听鈥� More than 80 countries have announced or introduced legal requirements for e-invoicing and continuous transaction control (CTC) regulations with the aim of ensuring tax compliance and increased transparency. The resulting compliance burden on global companies is significant and is expected to drive continued robust growth for e-invoicing solutions like Pagero鈥檚 for many years into the future.
• Pagero provides market leading solutions听鈥� Pagero offers a comprehensive suite of global e-invoicing and digital communications solutions through a single, modern and open technology platform. The Company鈥檚 Smart Business Network links its 90,000 customers with over 14 million connected companies, providing emerging 鈥渘etwork鈥� effects as it continues to scale.
• Compelling strategic fit听鈥� The combination of Pagero鈥檚 e-invoicing compliance capabilities with the indirect tax determination and reporting from 成人VR视频鈥� ONESOURCE should yield significant benefits for customers, including enhanced compliance capabilities, workflow automation, and global scale through a single trusted vendor. Over time, 成人VR视频 sees opportunities to leverage Pagero鈥檚 open communications network to deliver additional compliance offerings, including for global trade management and supply chain/vendor risk.
• Attractive financial model听鈥� Pagero has a high-quality revenue mix (87 per cent recurring) and proven track record of double-digit revenue growth. It is highly profitable in scaled markets and believes it has a pathway to robust overall profitability in the next few years as its investment markets scale.

The Revised Offer

The total value of the Revised Offer, based on all outstanding 161,167,486 outstanding shares in Pagero, amounts to approximately SEK 8.1 billion.

The revised Offer represents a premium of 11.1 per cent compared to the public cash offer of SEK 45 from Avalara[1] which was announced on 12 January, 2024, and 145.9 per cent compared to the volume-weighted average price of Pagero鈥檚 shares on Nasdaq First North during the 30 latest trading days prior to the announcement of Vertex鈥檚 offer on 13 December, 2023, and 174.9 per cent compared to the volume-weighted average trading price for Pagero’s shares on Nasdaq First North Growth Market during the 90 latest trading days prior to the announcement of听Vertex鈥檚[2]听offer on 13 December, 2023.

Waiving of the Offer’s conditions

成人VR视频 has declared the Offer unconditional, meaning that the conditions for completion of the Offer, as set out in the Offer Document in the section ”Conditions for completion of the Offer”, have ceased to apply to the Offer. 成人VR视频 will complete the Offer, all shares tendered in the Offer will be settled once the Offer’s acceptance period expires.

[1] 鈥淎valara鈥� refers to Avalara, Inc., acting through Loki BidCo AB; a Swedish private limited liability company with registration number 559430-7448.

[2] 鈥淰ertex鈥� refers to Vertex, Inc., acting through its wholly-owned subsidiary Goldcup 34190 AB; a Swedish private limited liability company with registration number 559457-8444.

Timetable
The acceptance period for the Offer expires on 9 February 2024 17:00 CET. Settlement for all shares tendered in the Offer is expected to be initiated on or around 16 February 2024. 成人VR视频 reserves the right to postpone the settlement date, however, that settlement shall in any event be made within 7 business days following the expiration of the acceptance period. 成人VR视频 will announce any postponement of the settlement date by a press release in accordance with applicable laws and regulations.

成人VR视频 shareholding in Pagero
As of the date of this announcement, 成人VR视频 holds and controls 86,720,670 shares and votes in Pagero, corresponding to approximately 53.81 per cent of shares and votes in Pagero.

This press release shall not constitute an offer to buy or a solicitation of an offer to sell any Pagero securities. The Offer will be made solely pursuant to the applicable offer document, when available. The Offer is not being made to holders of securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. The full details of the Offer, including complete instructions on how to tender Pagero shares, will be included in the offer document.

Financing of the Offer
The Offer is not subject to any financing contingency. The consideration payable in respect of the Offer is fully financed through funds currently available to 成人VR视频.

Advisors
成人VR视频 has engaged Morgan Stanley & Co. LLC as financial adviser and Linklaters as legal adviser in connection with the Offer.

Investor contact
Gary E. Bisbee, CFA
Head of Investor Relations
+1 646 540 3249
gary.bisbee@thomsonreuters.com

For more information about the Offer, please see:听