Paychex, Inc. (PAYX), a human capital management company, announced on Monday that it has completed the acquisition of Paycor HCM, Inc. (PYCR), a provider of human capital management, payroll, and talent software, for $22.50 per share in cash or enterprise value of around $4.1 billion.
The company expects annual cost synergies of over $80 million in fiscal 2026 and substantial revenue synergy opportunities over the next several years. The acquisition is also anticipated to be accretive to adjusted income per share in fiscal 2026.
John Gibson, CEO of Paychex, said: "This transaction strengthens our competitive position upmarket, unlocks new revenue opportunities, and positions us for sustainable long-term growth. Our integration strategy will prioritize accelerating sales expansion and product innovation to drive our growth."
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.