Acquisition expands position in tax & accounting software for tax advisors
Wolters Kluwer announced today that it has reached an agreement to acquire SBS Software GmbH, a leading German provider of accounting and payroll solutions. Based in Bretten, Germany with a 40-year history, SBS Software has more than 100 employees and serves over 6,000 customers. Closing of the acquisition is expected in January 2015.
Ralf Gärtner, Managing Director Wolters Kluwer Tax & Accounting in Germany, says: “The acquisition of SBS Software aligns with our strategy of expanding our leading, high growth position in tax and accounting software, and in particular strengthens our core business serving tax advisors in Germany. Wolters Kluwer has had a long-standing business relationship with SBS Software, which will facilitate the integration process. All SBS Software product lines and distribution partnerships will continue to be supported under Wolters Kluwer”. SBS Software's main products are SBS Lohn plus for payroll accounting and SBS Rewe neo for financial accounting.
About Wolters Kluwer
Wolters Kluwer had 2013 annual revenues of €3.6 billion ($4.7 billion), employs approximately 19,000 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.
Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the leading provider of premier information, research, and software tools in the global tax and accounting arena. Tax, accounting, and audit professionals who serve as trusted advisors to clients and businesses worldwide rely on authoritative content and integrated workflow solutions from global leader Wolters Kluwer Tax & Accounting.
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