Wolters Kluwer Strengthens Market Presence with New Acquisition
Wolters Kluwer Expands Services with Strategic Acquisition
Wolters Kluwer has successfully completed its acquisition of Registered Agent Solutions, Inc. This noteworthy move, valued at about $415 million in cash, reflects the company's commitment to enhancing its legal services offerings.
Enhancing American Legal Services
This acquisition is particularly significant as it allows Wolters Kluwer Financial & Corporate Compliance (FCC) to expand its reach among small businesses, middle-market companies, and law firms in the U.S. The integration of Registered Agent Solutions, Inc. (RASi) into Wolters Kluwer's offerings will provide comprehensive solutions tailored to the evolving needs of professionals in the legal field.
Background of the Acquisition
The acquisition process was initially announced earlier this year. By bringing RASi into its fold, Wolters Kluwer is further strengthening its market position, which is crucial for staying competitive in today's dynamic business environment.
About Wolters Kluwer
Wolters Kluwer, traded on Euronext Amsterdam under the ticker WKL and OTC Markets under WTKWY, is a global leader in information solutions and is known for providing invaluable software and services across various sectors including healthcare, tax and accounting, and legal compliance. The company has consistently demonstrated its ability to innovate and adapt by serving customers in over 180 countries, backed by a dedicated workforce of around 21,600 employees worldwide.
Company Financials and Market Position
For the fiscal year 2024, Wolters Kluwer reported impressive annual revenues of approximately €5.9 billion. Its robust financial performance is a testament to its operational efficiency and commitment to delivering exceptional value to its clientele.
Connecting with Wolters Kluwer
For professionals seeking more information about Wolters Kluwer's offerings, the company welcomes inquiries through its official website and social media channels. Prospective clients and stakeholders can stay informed about emerging trends and developments in their sectors by following the company's social media platforms such as LinkedIn, Facebook, YouTube, and Instagram.
Contact Information for Media and Investors
For media inquiries, Stefan Kloet can be reached at press@wolterskluwer.com or via mobile at +31 6 12 22 36 57. For investor relations, you can contact Meg Geldens at ir@wolterskluwer.com. Wolters Kluwer values open communication and is dedicated to maintaining transparency with its stakeholders.
Frequently Asked Questions
What is the significance of Wolters Kluwer's acquisition of RASi?
The acquisition enhances Wolters Kluwer's reach in the legal services sector, allowing it to better serve small and mid-sized businesses as well as law firms.
How does this acquisition fit into Wolters Kluwer's overall strategy?
This acquisition is part of Wolters Kluwer's strategy to expand its service offerings and market share in key areas, particularly in the U.S. legal sector.
What services will be impacted by this acquisition?
The integration of Registered Agent Solutions will improve compliance services and expand the range of legal solutions available to customers.
Where can I find more information about Wolters Kluwer?
More information is available on their official website, which provides access to all their services and contact details.
How can I contact Wolters Kluwer for media or investor inquiries?
Media inquiries can be sent to press@wolterskluwer.com, while investor relations inquiries can be sent to ir@wolterskluwer.com.
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