Wolters Kluwer to Acquire Triad Professional Services
February 02 2016 - 10:31AM
Acquisition extends position in
key legal and compliance markets
February 2, 2016 - 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."
About Wolters Kluwer Governance,
Risk & Compliance
Wolters Kluwer Governance, Risk & Compliance (GRC) is a
division of Wolters Kluwer which provides legal, finance, risk and
compliance professionals and small business owners with a broad
spectrum of solutions, services and expertise needed to help manage
myriad governance, risk and compliance needs in dynamic markets and
regulatory environments.
Wolters Kluwer is a global information services
company that provides information, software, and services to
professionals in four main areas: law, tax, finance and healthcare.
The company reported 2014 annual revenues of €3.7 billion. The
group serves customers in over 170 countries, and employs 19,000
people worldwide. 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.
For more information about our products and
organization, visit www.wolterskluwer.com, follow @Wolters_Kluwer
on Twitter, like us on Facebook, follow us on LinkedIn, or follow
WoltersKluwerComms on YouTube.
Media Contacts: |
|
|
Nicole
Young |
Annemarije Pikaar |
|
Senior
Manager, Communications
Wolters Kluwer Governance, Risk &
Compliance |
Corporate Communications |
|
+1
212.590.9311 |
+31 172 64 1470 |
|
n.young@wolterskluwer.com |
annemarije.pikaar@wolterskluwer.com |
|
Investors/Analysts:
Meg Geldens
Investor Relations
+ 31 (0)172 641 407
ir@wolterskluwer.com |
|
|
Forward-looking
Statements
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.
PDF version of Press
Release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Wolters Kluwer NV via Globenewswire
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