CorporateInvestorsTax & AccountingSeptember 16, 2014

Wolters Kluwer acquires Dingxin Chuangzhi in China

Acquisition extends Wolters Kluwer’s global position in tax and accounting software.

Wolters Kluwer announced today that it has acquired Dingxin Chuangzhi, a leading Chinese audit software provider for professional accounting firms, based in Beijing. Dingxin Chuangzhi has 50 employees and serves over 1,000 clients in the Greater China region. The acquisition aligns with Wolters Kluwer's strategy to expand its leading, high growth position in tax and accounting software and broadens the existing Wolters Kluwer China tax and accounting product portfolio and R&D expertise. The acquisition is expected to be earnings enhancing in its first year and to cover our weighted average cost of capital within 3-5 years.

Shasha Chang, CEO of Wolters Kluwer China, commented "Dingxin Chuangzhi allows us to expand our offerings into the Chinese audit market. Building on our strong local customer relationships, content offerings, and talent, Dingxin Chuangzhi enables us to provide a more comprehensive offering to tax, accounting, and audit professionals in China. We are extremely excited about this addition to our organization."

About Wolters Kluwer

Wolters 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.

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.  

Certain trademarks referenced are owned by Wolters Kluwer N.V. and its subsidiaries and may be registered in various countries.

This press release contains information which is to be made publicly available under Regulation (EU) 596/2014. 
Gerbert van Genderen Stort
Gerbert van Genderen Stort, Media Relations
Media Relations
Global Branding & Communications
Marisa Westcott
Marisa Westcott, Vice President Global Marketing and Communications, Wolters Kluwer Tax & Accounting
Vice President, Global Marketing & Communications
Tax & Accounting
Meg Geldens
Meg Geldens
Vice President, Investor Relations
Investor Relations