Wolters Kluwer to Divest Belgian Training Assets
December 19 2019 - 04:00AM
Wolters Kluwer to Divest Belgian Training Assets
Wolters Kluwer to Divest Belgian Training
Assets
December 18, 2019 – Wolters
Kluwer Legal & Regulatory announces that it
has reached a binding agreement to sell its Belgian training assets
to NCOI Group, the largest privately owned company in the Dutch
education and training market.
In Belgium, Wolters Kluwer intends to build on its position in
professional information solutions, software, and services for the
Legal & Regulatory, Tax & Accounting, and Health &
Safety (HSE) segments, continuing to serve customers with leading
solutions in these areas. Paul De Ridder, Managing Director Legal
& Regulatory Belgium: “The divestment will provide greater
focus and allow us to invest in further developing our
market-leading digital information solutions and software
applications for lawyers, accountants, and HSE professionals.”
The Belgian training business (Kluwer Opleidingen / Kluwer
Formations) will become part of NCOI Group, who can leverage their
market leadership position and extensive high-quality education and
training, including state-of-the-art digital learning platforms, to
further advance the offering of Kluwer Opleidingen / Kluwer
Formations.
Robert van Zanten, CEO NCOI Group: “It is our mission to make
Life Long Learning possible for every professional in the Benelux.
We have high respect for Wolters Kluwer’s training offerings and
expertise, and we are committed to continued investment and growth
of the Belgium education and training market. Kluwer Opleidingen
customers can be ensured that they will continue to experience the
highest level of quality and service.”
The Belgian training business recorded revenues of €13 million
in 2018 and employs 46 people. Wolters Kluwer will now conduct its
employee information process in accordance with Belgian legal
requirements.
About Wolters KluwerWolters
Kluwer (WKL) is a global leader in professional information,
software solutions, and services for the health, tax &
accounting, governance, risk & compliance, and legal &
regulatory sectors. We help our customers make critical decisions
every day by providing expert solutions that combine deep domain
knowledge with specialized technology and services.
Wolters Kluwer reported 2018 annual revenues of €4.3 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 18,600
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and
are included in the AEX and Euronext 100 indices. Wolters Kluwer
has a sponsored Level 1 American Depositary Receipt (ADR) program.
The ADRs are traded on the over-the-counter market in the U.S.
(WTKWY).
For more information about our solutions and organization, visit
www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn,
and YouTube.
Media |
Investors/Analysts |
Annemarije
Dérogée-Pikaar |
Meg Geldens |
Corporate
Communications |
Investor
Relations |
t + 31 172 641
470 |
t + 31 172 641
407 |
annemarije.pikaar@wolterskluwer.com |
ir@wolterskluwer.com |
Kathleen Iwens Wolters Kluwer Legal & Regulatory Belgium t +
32 15 36 10 98kathleen.iwens@wolterskluwer.com
Forward-looking Statements and Other Important Legal
InformationThis 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
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