InvestorsCorporateTax & AccountingDecember 19, 2014

Wolters Kluwer to acquire SBS Software in Germany

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.

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.

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
Annemarije Dérogée-Pikaar
Annemarije Dérogée - Pikaar
Director, Corporate Affairs & Communications
Global Branding & Communications
Marisa Westcott
Marisa Westcott, Vice President Global Marketing and Communications, Wolters Kluwer Tax & Accounting
Vice President, Global Marketing & Communications
Tax & Accounting
Meg Geldens
Meg Geldens
Vice President, Investor Relations
Investor Relations