Acquisition expands position in tax & accounting software for tax advisors.
Wolters Kluwer announced today that it has reached an agreement to acquire SBS Software GmbH, a leading German provider of accounting and payroll solutions. Based in Bretten, Germany with a 40-year history, SBS Software has more than 100 employees and serves over 6,000 customers. Closing of the acquisition is expected in January 2015.
Ralf Gärtner, Managing Director Wolters Kluwer Tax & Accounting in Germany, says: “The acquisition of SBS Software aligns with our strategy of expanding our leading, high growth position in tax and accounting software, and in particular strengthens our core business serving tax advisors in Germany. Wolters Kluwer has had a long-standing business relationship with SBS Software, which will facilitate the integration process. All SBS Software product lines and distribution partnerships will continue to be supported under Wolters Kluwer”. SBS Software's main products are SBS Lohn plus for payroll accounting and SBS Rewe neo for financial accounting.
SBS Software's main products are SBS Lohn plus for payroll accounting and SBS Rewe neo for financial accounting.
