LONDON (dpa-AFX) - Wolters Kluwer Legal & Regulatory, a division of Wolters Kluwer (WTKWY.PK) Tuesday said it will buy the LexisNexis legal business in Poland from Reed Elsevier Plc (REL.L, RUK, ENL), a provider of professional information solutions, with an aim to expand it's portfolio of digital information offerings for the Polish law firm, government, and corporate segments.
Wolters Kluwer expects the acquisition of LexisNexis to generate a return above cost of capital within three to five years.
In addition, Wolters also said it will divest its Canadian legal publishing activities to Reed Elsevier. The Canadian legal assets to be sold include print and online information products for law firms, corporate counsel, and human resources professionals.
Stacey Caywood, CEO of Legal & Regulatory Division said: 'We are pleased to have reached this agreement with LexisNexis. The transaction supports the Legal & Regulatory Division's strategy to concentrate investment on our core markets where opportunities for long-term growth are the greatest.'
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