Add-on Acquisition • Information Technology

HRS Acquires Paypense

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

Acquisition Context

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

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M&A Deal Summary
Date	August 4, 2022
Target	Paypense
Sector	Information Technology
Buyer(s)	HRS
Deal Type	Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer	#
Overall	3 of 3
Sector: Information Technology	3 of 3
Type: Add-on Acquisition	3 of 3
Country: Germany	3 of 3
Year: 2022	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.	Buy	-

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.

Buy

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