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M&A Deal Summary

HRS Acquires Paypense

On August 4, 2022, HRS acquired information technology company Paypense

Acquisition Highlights
  • This is HRS’s 3rd transaction in the Information Technology sector.
  • This is HRS’s 3rd transaction in Germany.

M&A Deal Summary
Date 2022-08-04
Target Paypense
Sector Information Technology
Buyer(s) HRS
Deal Type Add-on Acquisition

Target

Paypense

Bamberg, Germany
PayPense is a unique corporate credit card and expense management system formed with a clear vision to eliminate cash advances by making all B2B and T&E purchases billed and paid by the company. Built specifically to accommodate B2B, travel, and expense payments for corporate employees, it combines a technology-infused card solution with a secure app that applies for and accesses funds in real-time. PayPense was formed in 2020 and is based in Bamberg, Germany.

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Buyer(S) 1

Buyer

HRS

Cologne, Germany
Category Company
Sector Transportation
DESCRIPTION

HRS GmbH is a provider of business travel. HRS optimizes paperless payment of hotel accommodation and meetings, as well as automated invoice processing. More than 3,000 multinational corporations rely on HRS Global Hotel Solutions.

DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Germany M&A 3 of 3
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Itelya

Ebelsbach, Germany

Itelya is a travel invoice management services provider. Itelya’s services are used today in more than 180 countries. Itelya’s superior invoice collection and data management capabilities simplify an array of downstream functions, including payment to suppliers and VAT reclaim for corporations. Itelya is based in Ebelsbach, Germany.

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