Wolters Kluwer announces that, following a strategic review, it has decided to retain its Transport Services unit.
After evaluating alternatives for the business, including a possible divestment, Wolters Kluwer management has concluded that more value can be derived from continuing the transformation of the unit. Management is confident that Transport Services, which represented 1% of group revenue in 2014 and is profitable, will successfully complete its conversion to a subscription model and grow its transport management software offering.