The move enabled the company enables to focus on long-term growth opportunities in this core customer segment.
Wolters Kluwer Legal & Regulatory has reached agreements to sell several of its publishing assets and related activities in the Netherlands. The transaction involves Binnenlands Bestuur, Assurantie Magazine, and publications for general and financial management.
The move helps rebalance our European Legal & Regulatory operations towards specialized information tools and productivity solutions for legal professionals, and enables us to focus on long-term growth opportunities in this core customer segment.
Binnenlands Bestuur will become part of Adfo Groep, owned by Sijthoff Media Groep, a Dutch media company that publishes trade and consumer focused titles. The other assets will be sold to B+B Vakmedianet, a Dutch publisher of business-to-business titles.
Terms of the deal were not disclosed.
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.
