Wolters Kluwer Legal & Regulatory Solutions today announces the sale of its UK-based HR consulting and tax fee protection services units to Peninsula Business Services.
The transaction supports the division’s strategy to concentrate on legal information and software solutions for law firms, corporate counsel, and other compliance professionals.
“In divesting to Peninsula, we sought to align these consulting and advisory business lines with a buyer who is well positioned to continue to serve the needs of our customers,” said Stacey Caywood, CEO, Legal & Regulatory Solutions.
Peninsula Business Services is a leading provider of employment law, HR and Health & Safety consultancy services in the UK.
The UK-based HR consulting and tax fee protection services units had revenues of €31 million in 2014 and have approximately 270 employees. The agreement is effective immediately. Terms of the agreement are not being disclosed.