Wolters Kluwer reinforcing German market position as online legal services provider
Cologne, Germany (November 16, 2010) - Wolters Kluwer Germany Holding GmbH announced today that the company will acquire LexisNexis Deutschland GmbH. Through this acquisition, the online legal services part of the portfolio of Wolters Kluwer Germany will be expanded by the range of services and the technological expertise of the online databases of LexisNexis Deutschland. The transaction is subject to regulatory approvals and is expected to close around the end of the year. Financial terms are not being disclosed.
"This acquisition is an important milestone to establish Wolters Kluwer as a comprehensive and efficient online service provider for legal information in Germany," commented Ulrich Hermann, Regional Managing Director for Wolters Kluwer Legal & Regulatory Central Europe, and CEO Wolters Kluwer Germany. "Our strategy is focused on providing our customers with workflow solutions from our software business, content from our publishing business, and online research through our web services, as an integrated offering from a single source."
With a workforce of over 200 employees based in Münster, LexisNexis Deutschland is a leading information and knowledge management provider with strong online legal services in the law and business segment in Germany. Under its publishing brands, which include ZAP, the business also produces legal publications in the areas of insolvency, notarial, employment, family, and social law and provides information services for the areas of public administration, health insurance funds, and human resources. The addition of LexisNexis Deutschland expands the range of publications and strengthens the online services provided by Wolters Kluwer in the German legal market. The German Business Information activities of LexisNexis with approximately 20 employees as well as use of the LexisNexis brand in Germany remain with LexisNexis International.
Wolters Kluwer Germany has been expanding its portfolio in the German market in all areas of law for over 25 years. The company is particularly well known in the Germany legal and regulatory market through highly regarded publishing brands such as Carl Heymanns, Luchterhand, and Werner, and for its software business AnNotext and Trigon Data. By acquiring LexisNexis Deutschland, Wolters Kluwer Germany is expanding its online business while also reinforcing and developing its publishing operations, especially through the well-known ZAP brand.
About Wolters Kluwer Germany
Wolters Kluwer Germany:
http://www.wolterskluwer.de/ is an information services company specializing in the legal, business and tax sectors. The organization covers two markets: legal & regulatory and tax & accounting. The legal & regulatory business unit provides important information to legal professionals in the form of content, software and services through well-known publishing brands such as Carl Heymanns, Luchterhand and Werner. Headquartered in Cologne, it has over 1,000 employees located at 22 offices throughout Germany and has been serving the German market for over 25 years.
Wolters Kluwer Germany is part of the Legal & Regulatory division of Wolters Kluwer:
http://www.wolterskluwer.com/, a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer`s leading, information-enabled tools and solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.
Wolters Kluwer has 2009 annual revenues of ?3.4 billion ($4.8 billion), employs approximately 19,300 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
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This press release contains forward-looking statements. These statements may be identified by words such as "expect," "should," "could," "shall," and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer`s businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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