September 1, 2017 - Wolters Kluwer Tax & Accounting announces today that it has signed and completed the acquisition of Adsolut, a fast-growing provider of collaborative tax and accounting solutions for tax advisors and their clients in Belgium. The purchase builds on our established market leadership position in Belgium.

Founded in 2007, Adsolut has seen rapid growth and today has 24 employees. The company offers an integrated, modular software suite, that enables online collaboration between accountants and their small and medium-sized enterprise (SME) clients. The solution supports a range of functions from bookkeeping and accounting to practice management, enterprise resource planning, reporting and analytics. The transaction is expected to have a positive but immaterial impact on adjusted EPS while generating a return on investment above our cost of capital within 3 to 5 years.

"The acquisition further strengthens our existing offering in Belgium, adding cloud functionalities and mobile solutions", said Ronny De Goedt, Managing Director of Wolters Kluwer Tax & Accounting Belgium. "Together with the Adsolut team, we will continue to innovate to address evolving customer needs and to develop applications that enable easy and efficient collaboration between tax advisors and SMEs."