Wolters Kluwer Announces Receipt of Binding Offer for Transport Services
(Thomson Reuters ONE) -
Wolters Kluwer Announces Receipt of Binding Offer for Transport Services
April 7, 2017 - Wolters Kluwer today announced that it has entered into
exclusive discussions with Castik Capital to sell its Transport Services unit
following a binding offer of approximately ?82 million in cash.
Upon receipt of the binding offer, Wolters Kluwer has granted an exclusivity
period during which it will conduct an employee consultation process in
accordance with French legal requirements. This process is expected to take some
time.
In 2016, Transport Services generated revenues of ?40 million and had
approximately 220 employees in 11 countries. The business, which is mainly based
in Europe, focuses on transport management solutions, an area no longer
considered core to Wolters Kluwer. The Transport Services unit has been reported
as part of the Governance, Risk & Compliance division. The envisaged sale of the
unit is expected to have a slightly dilutive effect on adjusted earnings per
share.
About Wolters Kluwer
Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and
solutions for professionals in the health, tax and accounting, finance, risk and
compliance, and legal sectors. We help our customers make critical decisions
every day by providing expert solutions that combine deep domain knowledge with
specialized technology and services.
Wolters Kluwer reported 2016 annual revenues of ?4.3 billion. The company,
headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over
180 countries, maintains operations in over 40 countries, and employs 19,000
people worldwide.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in
the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1
American Depositary Receipt program. The ADRs are traded on the over-the-counter
market in the U.S. (WTKWY).
For more information about our solutions and organization, visit
www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.
Media Investors/Analysts
Annemarije Pikaar Meg Geldens
Corporate Communications Investor Relations
t + 31 172 641 470 t + 31 172 641 407
annemarije.pikaar(at)wolterskluwer.com ir(at)wolterskluwer.com
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.
This press release contains information which is to be made publicly available
under Regulation (EU) 596/2014.
PDF version of Press Release:
http://hugin.info/130682/R/2094699/792088.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wolters Kluwer NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 07.04.2017 - 13:15 Uhr
Sprache: Deutsch
News-ID 535195
Anzahl Zeichen: 4737
contact information:
Town:
Alphen aan den Rijn
Kategorie:
Business News
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"Wolters Kluwer Announces Receipt of Binding Offer for Transport Services"
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