TRUP - Trupanion to acquire Czech pet insurer PetExpert
- Trupanion ( NASDAQ: TRUP ) said Thursday it will acquire Royal Blue , parent company of a veterinary-centric pet insurer PetExpert, marking its second European acquisition.
- Terms were disclosed.
- Trupanion ( TRUP ) does not expect a material financial impact from the acquisition to its 2022 results.
- PetExpert has operations in the Czech Republic and Slovakia, where over 95% of veterinary hospitals have connectivity to the PetExpert platform.
- Trupanion ( TRUP ) expects additional synergies from its acquisition of Smart Paws , which has operations in Germany and Switzerland.
- The deal is expected to close in Q4.
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Trupanion to acquire Czech pet insurer PetExpert