Cibus Nordic chooses Wolters Kluwer and its CCH® Tagetik expert solutions to meet current and future Financial Consolidation, Regulatory and Reporting needs.
Wolters Kluwer has signed an agreement with Cibus Nordic to support them in their growth, strategic development, and their goal of moving to Nasdaq, the main stock exchange market in Stockholm, during 2021.
Cibus Nordic operates one of the Nordic’s largest and most strategic distribution networks for grocery trade and parcel services. The company's strategy is to acquire, develop and manage high quality properties in the Nordics that have daily goods store chains as anchor tenants. The company currently owns 290 properties in the Nordic. The main tenants are Kesko, Tokmanni, Coop and S Group.
With Cibus’ decision to switch to the Nasdaq exchange, it became a priority to find a Corporate Performance Management (CPM) solution that could support their aggressive growth strategy and increasing reporting needs. Cibus will utilize the CCH Tagetik platform for their legal consolidation, management, and financial reporting, including iXBRL.
