Wolters Kluwer Legal & Regulatory to Divest Selected Publishing Assets in the Netherlands

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Algemeen advies 14/10/2013 09:09
Alphen aan den Rijn (October 14, 2013) - Wolters Kluwer Legal & Regulatory has reached agreements to sell several of its publishing assets and related activities in the Netherlands. The transaction involves Binnenlands Bestuur, Assurantie Magazine, and publications for general and financial management.

The move helps rebalance our European Legal & Regulatory operations towards specialized information tools and productivity solutions for legal professionals, and enables us to focus on long-term growth opportunities in this core customer segment.

Binnenlands Bestuur will become part of Adfo Groep, owned by Sijthoff Media Groep, a Dutch media company that publishes trade and consumer focused titles. The other assets will be sold to B+B Vakmedianet, a Dutch publisher of business-to-business titles.

Terms of the deal were not disclosed.

About Wolters Kluwer Legal & Regulatory
Wolters Kluwer Legal & Regulatory provides customers around the world with expert content, solutions, software, and services in the areas of law, business, and regulatory compliance. It has operations in North America, Europe, and Asia Pacific. The primary customers of Wolters Kluwer Legal & Regulatory include law firms, corporate law departments, business compliance professionals, corporate legal counsels, legal educators, universities, libraries, and government agencies.

Wolters Kluwer is a leading global information services and solutions company. It provides information, software, and services that help legal, tax, finance, and healthcare professionals make their most critical decisions effectively and with confidence. Customers depend on Wolters Kluwer services and solutions to successfully move through the complex layers of data and regulation that define modern business and government.

Wolters Kluwer had 2012 annual revenues of €3.6 billion. The Group employs over 19,000 people worldwide and maintains operations in over 40 counties across Europe, North America, Asia Pacific, and Latin America. The Company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on NYSE Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).




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