TRUP - Trupanion acquires Smart Paws

• Trupanion ( NASDAQ: TRUP ) notifies the acquisition of Smart Paws GmbH , specializes exclusively in pet insurance and offers products developed by veterinarians and tailored to the needs of animals and their owners with operations in Germany and Switzerland, on August 31.
• Financial terms of the deal were not disclosed.
• The move provides immediate entry into Germany and Switzerland and accelerated access into other key European markets.
• With the addition, Trupanion builds on its international footprint, a key tenet of its 60-month plan.
• The Smart Paws team will continue to manage and administer all of their products and membership policies and will be a part of Trupanion’s international organization led by Simon Wheeler.
• The firm does not expect any material financial impact to its 2022 financial results as a result of the acquisition.

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