InvestorsCorporateJuly 01, 2016

Wolters Kluwer Legal & Regulatory completes divestment of trade media assets in France

Wolters Kluwer Legal & Regulatory today announces that it has completed the divestment of its French trade media assets to Info6TM, a private B2B media company owned by Francois Grandidier, the founder and owner of group ATC in France.

The planned divestment was originally announced on January 14, 2016. The divestment follows an exclusive period of consultations with local staff representatives, in accordance with French legal requirements.

The unit had revenues of €22 million in 2015 and approximately 170 employees. The divestment is in line with Legal & Regulatory’s strategy to focus on legal information and software solutions for law firms, corporate counsel, and other legal and compliance professionals.

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.
Contacts
Leslie Bonacum
Leslie Bonacum
VP, Communications
Legal & Regulatory
Annemarije Dérogée-Pikaar
Annemarije Dérogée - Pikaar
Director, Corporate Affairs & Communications
Global Branding & Communications
Meg Geldens
Meg Geldens
Vice President, Investor Relations
Investor Relations