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Trupanion to Acquire European Pet Insurance Provider PetExpert
Wednesday 23 November 2022

US-based Trupanion, Inc. (NASDAQ: TRUP), a provider of medical insurance for cats and dogs, has signed a definitive agreement to acquire Royal Blue s.r.o, the parent company of PetExpert, a veterinary-centric pet insurance provider with tens of thousands of policies and operations in the Czech Republic and Slovakia, the company said.

There are an estimated 1,300 veterinary hospitals in the Czech Republic and Slovakia and over 95% of these have connectivity to the PetExpert platform.

PetExpert marks Trupanion's second European acquisition, adding a well-established, fast-growing company in support of its global expansion plans.

Trupanion expects additional synergies from its recently completed acquisition of Smart Paws, including its existing relationships with the veterinary community.

The transaction is expected to close in 4Q22 and no additional terms were disclosed. Trupanion does not anticipate a material financial impact to its 2022 financial results as a result of this acquisition.

Trupanion is in medical insurance for cats and dogs throughout the United States, Canada, Europe, Puerto Rico and Australia with over 800,000 pets enrolled.

For over two decades, Trupanion has given pet owners peace of mind so they can focus on their pet's recovery, not financial stress.

Trupanion is committed to providing pet owners with the highest value in pet medical insurance with unlimited payouts for the life of their pets.

With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout.

The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly-owned insurance entity American Pet Insurance company and, in Canada, by Omega General Insurance company.

Trupanion Australia is a partnership between Trupanion and Hollard Insurance company.

Founded in 2018, PetExpert is a leader in the online pet insurance market in the Czech Republic and, since 2020, has provided pet insurance in Slovakia.

PetExpert provides insurance to tens of thousands of clients in the Czech Republic and Slovakia.
Date Published: 23/11/2022