Acquisition extends position in key legal and compliance markets.
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.”