Transaction will further strengthen Wolters Kluwer’s leadership position in the European legal information solutions market.
Wolters Kluwer Legal & Regulatory today announced it has signed an agreement to acquire the LexisNexis legal business in Poland from Reed Elsevier. The acquisition will extend Wolters Kluwer’s portfolio of high-quality digital information offerings for the Polish law firm, government, and corporate segments.
Simultaneously, Wolters Kluwer also announced that it has signed an agreement to divest its Canadian legal publishing activities to Reed Elsevier. The Canadian legal assets to be sold include print and online information products for law firms, corporate counsel, and human resources professionals, of which a portion are French Canadian legal products consolidated within our Tax & Accounting results.
Wolters Kluwer expects the acquisition to generate a return above our cost of capital within three to five years.
“We are pleased to have reached this agreement with LexisNexis. The transaction supports the Legal & Regulatory Division’s strategy to concentrate investment on our core markets where opportunities for long-term growth are the greatest,” said Legal & Regulatory Division CEO Stacey Caywood.
The LexisNexis legal business in Poland has approximately 120 employees, and the Wolters Kluwer legal business in Canada has approximately 50 employees.
This report contains forward-looking statements. These statements may be identified by words such as “expect”, “should”, “could”, “shall” and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer’s businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide.
