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Investing.com -- Wolters Kluwer (AS:WLSNc), the Amsterdam-listed information-services firm, announced on Thursday that it has agreed to acquire Brightflag, a global legal software provider. The acquisition, valued at approximately 425 million euros, or $480 million, will be paid in cash.
The acquisition is expected to bolster Wolters Kluwer’s presence among mid-sized corporations in the U.S. and Europe. The transaction is set to be finalized next month.
Wolters Kluwer stated that the acquisition should not have a significant effect on its adjusted earnings in the near term. The company anticipates achieving a return on invested capital at or above its after-tax weighted average cost of capital in the fifth year of ownership.
Brightflag, established in 2014, operates as an AI-powered legal operations platform. The company, which reported a 36% increase in revenue to approximately 22 million euros in 2024 according to unaudited results, has 155 full-time employees.
These employees will join Wolters Kluwer’s Legal & Regulatory division as part of the acquisition. The transaction is still subject to standard closing conditions.
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