Wolters Kluwer to Explore Strategic Alternatives for Corsearch
(Thomson Reuters ONE) -
Wolters Kluwer to Explore Strategic Alternatives for Corsearch
April 24, 2017 - Wolters Kluwer today announced that it is exploring strategic
alternatives for Corsearch, its trademark solutions business which is part of
the Governance, Risk & Compliance (GRC) division. The strategic alternatives to
be considered include a potential divestment of the business.
Corsearch is a recognized leader in trademark establishment and brand protection
services, providing innovative solutions to trademark and brand professionals
and general counsels around the world. In 2016, Corsearch had revenues of
approximately ?50 million. The unit has delivered compound annual organic growth
in mid-single digits over the period 2014-2016 and has had a strong start to
2017, driven by its customer-centric approach and continuous development of
advanced products and services.
The brand management industry is attractive, evolving from traditional trademark
services to end-to-end digital brand management solutions. This evolution
creates new growth and investment opportunities for Corsearch.
Wolters Kluwer Governance, Risk & Compliance is sharpening its strategic focus
and prioritizing investment on compliance and risk management solutions for
professionals in corporations, financial institutions, and law firms.
Wolters Kluwer has retained Evercore as financial advisor to assist in its
review of strategic alternatives for Corsearch. There can be no assurance that
this review will result in a transaction.
Should the outcome be a divestment of the business, Wolters Kluwer intends to
mitigate the expected dilution to adjusted earnings per share through share
buybacks.
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
Annemarije Pikaar
Corporate Communications
t + 31 172 641 470
annemarije.pikaar(at)wolterskluwer.com
Alison Meyerstein
Corporate Marketing & Communications
Wolters Kluwer Governance, Risk & Compliance
+1-212-590-9208
alison.meyerstein(at)wolterskluwer.com
Investors/Analysts
Meg Geldens
Investor Relations
t + 31 172 641 407
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/2098128/794540.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: 24.04.2017 - 15:06 Uhr
Sprache: Deutsch
News-ID 537854
Anzahl Zeichen: 5636
contact information:
Town:
Alphen aan den Rijn
Kategorie:
Business News
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