Wolters Kluwer Boosts Waste Management Solutions with Inisoft
Wolters Kluwer Enhances Its Waste Management Solutions
Wolters Kluwer Legal & Regulatory has made a significant move by acquiring Inisoft Group, a leading provider of regulatory compliance software specialized for the waste management sector. This acquisition is an exciting development in the sector, showcasing Wolters Kluwer's commitment to providing innovative solutions for its customers.
Inisoft Group and Its Key Offerings
Inisoft, founded in 1992, has grown to become a reliable partner for over 3,600 clients, which include municipalities, governmental entities, and waste management companies. Their flagship product, Envita, aids users in adhering to both national and local regulations concerning waste disposal. This includes efficient tracking and comprehensive reporting of waste data, ensuring businesses meet compliance requirements while minimizing their environmental impact.
Leadership Perspectives on the Acquisition
Lubomir Weiss, General Manager of Wolters Kluwer Legal & Regulatory in Czechia, emphasized the value this acquisition brings. He remarked that by merging Inisoft's expertise with their existing offerings, they can enhance customer support to meet the growing demands of environmental regulations. The integration of Inisoft into Wolters Kluwer’s existing operations aims to facilitate further development of their solutions, strengthening their position in the market.
David Mare?ek's Vision for Inisoft
David Mare?ek, CEO of Inisoft, expressed enthusiasm about joining Wolters Kluwer. He highlighted the mutual benefits this partnership will bring, particularly how Inisoft’s specialization in waste management regulations will enhance the overall Wolters Kluwer portfolio. This collaboration is designed to simplify compliance processes through tailored software, providing substantial advantages to customers in the Czech Republic and Slovakia.
The Impact of the Acquisition
This strategic acquisition is expected to have a minimal immediate financial impact on Wolters Kluwer; however, they anticipate achieving a return on invested capital (ROIC) that surpasses their after-tax cost of capital within three to five years. The 68 employees from Inisoft will join Wolters Kluwer’s team, contributing their specialized knowledge to bolster operations in Czechia and Slovakia, ultimately driving innovation in the waste management sector.
About Wolters Kluwer
Wolters Kluwer, listed on Euronext with the ticker WKL, is a premier global leader in providing information solutions across various sectors, including healthcare, tax and accounting, finance, legal, and corporate performance. In the last reported year, they generated revenues of €5.9 billion, servicing clients in over 180 countries with a workforce of around 21,600 employees worldwide.
Commitment to Environmental Solutions
With a firm focus on environmental compliance, Wolters Kluwer has shown dedication to developing sustainable practices through technology and expert solutions. The integration of Inisoft's innovative software aligns with this vision, paving the way for enhanced services that benefit not only businesses but also the communities they serve.
About Inisoft
Inisoft is committed to leading the charge in waste management solutions, focusing on delivering high-quality software that ensures environmental sustainability. Their offerings include in-depth analysis, strategic consulting, and expert training tailored to unique needs within the industry. Spanning nearly 30 years, Inisoft has consistently provided exceptional services across the Czech Republic and Slovakia.
Frequently Asked Questions
What is the significance of Wolters Kluwer's acquisition of Inisoft?
This acquisition enhances Wolters Kluwer's software capabilities in the waste management sector, providing clients with stronger compliance solutions.
Who are the key players in this acquisition?
Lubomir Weiss, General Manager of Wolters Kluwer Legal & Regulatory Czechia, and David Mare?ek, CEO of Inisoft, are instrumental in this process.
What impact will the acquisition have on Wolters Kluwer's earnings?
The acquisition is expected to have an immaterial immediate impact, with anticipated returns exceeding their cost of capital within a few years.
How many employees from Inisoft will join Wolters Kluwer?
Sixty-eight employees from Inisoft will integrate into Wolters Kluwer’s Czech and Slovakian unit.
What industries does Wolters Kluwer serve?
Wolters Kluwer provides information solutions across healthcare, finance, legal, corporate compliance, and environmental sustainability sectors.
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