Wolters Kluwer sells the Financial Training Company

In March 2000, Wolters Kluwer stated that it would sell the Professional Training activities, which not only represented a small part of the business of Wolters Kluwer, but also were very different in expertise and culture. Professional Training is a group of companies active in the field of providing training services and training solutions to major corporations, non-profit organizations and professionals. The Financial Training Company is part of this group of companies and a provider of certified professional training in the fields of accountancy, tax and financial markets. The company has 242 employees and is headquartered in London. It also has operations in Singapore and Hong Kong. In 2000, the Financial Training Company realized sales of approximately EUR 47 million.