SOURCE: Wolters Kluwer NV

January 03, 2011 02:07 ET

Wolters Kluwer Germany Completes Acquisition LexisNexis Deutschland

COLOGNE, GERMANY--(Marketwire - January 3, 2011) -

Wolters Kluwer Germany Holding GmbH today announced that it has completed the acquisition of LexisNexis Deutschland GmbH. The agreement to acquire LexisNexis Deutschland wasannounced on November 16, 2010.

The acquisition of LexisNexis Deutschland expands Wolters Kluwer Germany's online legal information business while also reinforcing and developing its publishing operations towards a comprehensive portfolio in all areas of law in the German legal market.

"Through this acquisition, we are able to provide our customers in Germany with an integrated offering consisting of strong online legal services, publishing and workflow solutions in the law and business segment. Our combined product offering will give us a strong portfolio of wide-ranging legal information that lawyers, notaries, and other legal professionals critically need in their daily work to serve their clients best," added Ulrich Hermann, Regional Managing Director for Wolters Kluwer Legal & Regulatory Central Europe, and CEO Wolters Kluwer Germany.

All products and services will be integrated within the Wolters Kluwer Germany brand structure by mid February 2011. Terms of the acquisition were not disclosed.

About Wolters Kluwer Germany

Wolters Kluwer Germany is an information services company specializing in the legal, business and tax sectors. The organization covers two markets: legal & regulatory and tax & accounting. The legal & regulatory business unit provides important information to legal professionals in the form of content, software and services through well-known publishing brands such as Carl Heymanns, Luchterhand and Werner. Headquartered in Cologne, it has over 1,000 employees located at 22 offices throughout Germany and has been serving the German market for over 25 years.

Wolters Kluwer Germany is part of the Legal & Regulatory division of Wolters Kluwer, a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer's leading, information-enabled tools and solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.

Wolters Kluwer has 2009 annual revenues of EUR3.4 billion ($4.8 billion), employs approximately 19,300 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

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Forward-looking Statements

This press release 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.

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Source: Wolters Kluwer NV via Thomson Reuters ONE


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