Wolters Kluwer completes divestment of its legal information units in France and Spain
Wolters Kluwer has finalized the divestment of its legal information units in France and Spain to Karnov, as announced on December 9, 2021. This strategic move aims to streamline operations and focus on core business areas. In 2021, Wolters Kluwer reported annual revenues of €4.8 billion and operates in over 40 countries with around 20,000 employees. The company is headquartered in the Netherlands and its shares are traded on Euronext Amsterdam (WKL) as well as in the U.S. as American Depositary Receipts (WTKWY).
- None.
- The divestment may lead to a short-term reduction in revenue from the legal information sector.
- Potential risks associated with market reaction to the divestment and the company's strategic focus.
Wolters Kluwer completes divestment of its legal information units in France and Spain
November 30, 2022 — Wolters Kluwer Legal & Regulatory today announces that it has completed the divestment of its legal information units in France and Spain to Karnov, as originally announced on December 9, 2021.
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About Wolters Kluwer
Wolters Kluwer (Euronext: WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and 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 2021 annual revenues of
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, visit www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.
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Forward-looking Statements and Other Important Legal Information
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.
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