Acquisition extends Wolters Kluwer’s global position in tax and accounting software.
Wolters Kluwer acquires Dingxin Chuangzhi in China
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."
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.