Wolters Kluwer Legal & Regulatory today announces that it has completed the divestment of its French trade media assets to Info6TM, a private B2B media company owned by Francois Grandidier, the founder and owner of group ATC in France.
The planned divestment was originally announced on January 14, 2016. The divestment follows an exclusive period of consultations with local staff representatives, in accordance with French legal requirements.
The unit had revenues of €22 million in 2015 and approximately 170 employees. The divestment is in line with Legal & Regulatory’s strategy to focus on legal information and software solutions for law firms, corporate counsel, and other legal and compliance professionals.