Wolters Kluwer Legal & Regulatory Completes Divestment of Trade Media Assets in France

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Algemeen advies 01/07/2016 15:41
July 1, 2016 - Wolters Kluwer Legal & Regulatory today announces that it has completed the divestment of its French trade media assets to Info6TM, a private B2B media company owned by Francois Grandidier, the founder and owner of group ATC in France. The planned divestment was originally announced on January 14, 2016. The divestment follows an exclusive period of consultations with local staff representatives, in accordance with French legal requirements.

The unit had revenues of €22 million in 2015 and approximately 170 employees. The divestment is in line with Legal & Regulatory's strategy to focus on legal information and software solutions for law firms, corporate counsel, and other legal and compliance professionals.

And
Wolters Kluwer Completes Acquisition of Enablon
July 1, 2016 - Wolters Kluwer Legal & Regulatory today announces that it has completed the acquisition of compliance software provider Enablon. The planned acquisition was announced on May 31, 2016, and was subject to satisfaction of customary closing conditions, and completion of the employee consultation process in France.

Enablon is a leading global provider of environmental, health, safety and sustainability and operational risk management software and SaaS solutions, serving major corporations worldwide across a range of industries. Enablon generated software and services revenues of approximately €45 million in 2015, and revenues are expected to grow organically to reach approximately €55 million in 2016.

Enablon will become an operating unit of the Legal & Regulatory division, and will be able to leverage Wolters Kluwer's extensive market reach to expand its offerings globally.

About Wolters Kluwer
Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2015 annual revenues of €4.2 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on 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). For more information about our solutions and organization, visit www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.

Wolters Kluwer Legal & Regulatory is a division of Wolters Kluwer, serving customers around the world with expert information solutions, software, and services in the areas of law, business, and regulatory compliance. Customers of Wolters Kluwer Legal & Regulatory include law firms, corporate law departments, business compliance professionals, corporate legal counsel, legal educators, universities, libraries, and government agencies.




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