Wolters Kluwer NV : Wolters Kluwer Divests Its Minority Interest in AccessData
Wolters Kluwer Corporate Legal Services to focus on its core legal services
New York (March 14, 2013) - Wolters Kluwer Corporate Legal Services, the
leader in legal process and business performance management,today announced
the divestiture of its 25% interest in AccessData Group.
The sale of its minority interest in AccessData Group reinforces Wolters
Kluwer Corporate Legal Services'(CLS) focus on its core legal services
markets. CLS will continue to strengthen its position as the partner of choice
for legal professionals around the world, supporting them in managing
corporate compliance, legal entities, lien portfolios, brands, and legal
AccessData Group was formed in 2010 by combining the businesses of AccessData
and Summation, formerly part of CLS. AccessData Group operates in the digital
investigation and litigation support market. Following this 2010 merger,
Wolters Kluwer remained as a strategic investor to support the integration of
Summation and AccessData.
The proceeds of the sale will be used for general corporate purposes. Terms of
the deal were not disclosed.
About Wolters Kluwer Corporate Legal Services
Wolters Kluwer Corporate Legal Services is a group of market-leading
businesses serving the largest corporations and law firms around the globe. It
delivers the expertise, products and services that are reinventing the way
legal professionals manage and conduct their business. CLS has emerged as the
partner of choice by delivering the people, products and processes to drive
transparency, ensure accountability and provide organized, accurate and
actionable information for legal, financial and insurance professionals. CLS's
businesses - CT Corporation, CT Lien Solutions, Corsearch, and TyMetrix -
empower organizations to make better business decisions and be more efficient
in today's highly transparent business environment.
About Wolters Kluwer
Wolters Kluwer is a leading global information services and solutions company.
It provides information, software, and services that help legal, tax, finance,
and healthcare professionals make their most critical decisions effectively
and with confidence. Customers depend on Wolters Kluwer services and solutions
to successfully move through the complex layers of data and regulation that
define modern business and government.
Wolters Kluwer had 2012 annual revenues of €3.6 billion. The group employs
over 19,000 people worldwide and maintains operations in over 40 countries
across Europe, North America, Asia Pacific, and Latin America. The company is
headquartered in Alphen aan den Rijn, the Netherlands. Wolters Kluwer shares
are quoted on Euronext Amsterdam (symbol: WKL) and are included in the AEX and
Euronext 100 indices.
Visit our website, YouTube, follow @Wolters_Kluwer on Twitter, or look up
Wolters Kluwer on Facebook for more for information about our customers,
market positions, brands, and organization.
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.
Contact: Media Investors/Analysts
Stacy Nobles Meg Geldens
+1 212 590 9058 +31 172 641 407
PDF version of Press Release
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Wolters Kluwer NV via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.