Wolters Kluwer reinforcing German market position as online legal services provider.
Wolters Kluwer Germany Holding GmbH announced today that the company will acquire LexisNexis Deutschland GmbH. Through this acquisition, the online legal services part of the portfolio of Wolters Kluwer Germany will be expanded by the range of services and the technological expertise of the online databases of LexisNexis Deutschland. The transaction is subject to regulatory approvals and is expected to close around the end of the year. Financial terms are not being disclosed.
“This acquisition is an important milestone to establish Wolters Kluwer as a comprehensive and efficient online service provider for legal information in Germany,” commented Ulrich Hermann, Regional Managing Director for Wolters Kluwer Legal & Regulatory Central Europe, and CEO Wolters Kluwer Germany. “Our strategy is focused on providing our customers with workflow solutions from our software business, content from our publishing business, and online research through our web services, as an integrated offering from a single source.”
With a workforce of over 200 employees based in Münster, LexisNexis Deutschland is a leading information and knowledge management provider with strong online legal services in the law and business segment in Germany. Under its publishing brands, which include ZAP, the business also produces legal publications in the areas of insolvency, notarial, employment, family, and social law and provides information services for the areas of public administration, health insurance funds, and human resources. The addition of LexisNexis Deutschland expands the range of publications and strengthens the online services provided by Wolters Kluwer in the German legal market. The German Business Information activities of LexisNexis with approximately 20 employees as well as use of the LexisNexis brand in Germany remain with LexisNexis International.
Wolters Kluwer Germany has been expanding its portfolio in the German market in all areas of law for over 25 years. The company is particularly well known in the Germany legal and regulatory market through highly regarded publishing brands such as Carl Heymanns, Luchterhand, and Werner, and for its software business AnNotext and Trigon Data. By acquiring LexisNexis Deutschland, Wolters Kluwer Germany is expanding its online business while also reinforcing and developing its publishing operations, especially through the well-known ZAP brand.