Acquisition extends position in key legal and compliance markets
February 2, 2016 - Wolters Kluwer Governance, Risk & Compliance has today signed an agreement to acquire substantially all of the assets of Triad Professional Services, LLC, a provider of U.S. legal and compliance products and services.
The acquisition furthers Wolters Kluwer's leadership position in U.S. legal and compliance products and services, broadening capabilities in key industry verticals. Triad, which will become part of the CT Corporation suite of products and services, is based in Alpharetta, Georgia and has less than 15 employees. The acquisition is expected to deliver a return above Wolters Kluwer's after tax cost of capital (8%) in 3 to 5 years or sooner and is expected to be earnings enhancing in its first full year.
"Triad's focus on specific markets and customer segments complements our market-leading position", said Raja Sengupta, executive vice president and general manager of the Small Business Unit of the CT Corporation suite of products and services. "We will integrate Triad with our world-class capabilities and brand, and ensure that employees and customers experience even greater value from the combined organization."
About Wolters Kluwer Governance, Risk & Compliance
Wolters Kluwer Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments.
Wolters Kluwer is a global information services company that provides information, software, and services to professionals in four main areas: law, tax, finance and healthcare. The company reported 2014 annual revenues of €3.7 billion. The group serves customers in over 170 countries, and employs 19,000 people worldwide. 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.
For more information about our products and organization, visit www.wolterskluwer.com, follow @Wolters_Kluwer on Twitter, like us on Facebook, follow us on LinkedIn, or follow WoltersKluwerComms on YouTube.
| Media Contacts: | ||
| Nicole Young | Annemarije Pikaar | |
| Senior Manager, Communications Wolters Kluwer Governance, Risk & Compliance | Corporate Communications | |
| +1 212.590.9311 | +31 172 64 1470 | |
| n.young@wolterskluwer.com | annemarije.pikaar@wolterskluwer.com | |
| Investors/Analysts: Meg Geldens Investor Relations + 31 (0)172 641 407 ir@wolterskluwer.com |
Forward-looking Statements
This report 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.
