May 31, 2016 - Wolters Kluwer Legal & Regulatory today
announces that it has made a binding offer to acquire Enablon, a
leading global provider of Environmental, Health, Safety &
Sustainability and Operational Risk Management software and SaaS
solutions, for €250 million. The acquisition, which is subject to
customary closing conditions, aligns with the Legal &
Regulatory division's strategy to expand its existing portfolio of
legal and compliance software solutions.
Relied upon by more than 1,000 companies and 1
million users in 160 countries, Enablon offers an award-winning
modular platform to manage enterprise-wide environmental, health
and safety (EHS) compliance, improve sustainability and mitigate
operational risks. The Enablon platform is used by major
corporations worldwide, across a wide range of industries.
Enablon generated software and services revenues
of approximately €45 million in 2015, of which approximately 57%
was derived from North America, around 39% from Europe and the
remainder from Asia Pacific and the rest of the world. The company
has a positive operating margin, which currently reflects the
impact of increased investment in R&D and sales and marketing
to support revenue growth. Enablon's revenues are expected to grow
organically to reach approximately €55 million in 2016, driven by
product innovation and market expansion.
The acquisition is expected to be approximately 1%
accretive to adjusted earnings in the first full calendar year
after closing. Wolters Kluwer expects to achieve a return on
invested capital above its after tax weighted average cost of
capital within three to five years of completion.
"Enablon tightly aligns with the core value Legal
& Regulatory provides to customers, which is founded in our
expert solutions that enable organizations to comply with complex
laws and regulations, while enhancing performance and mitigating
risk," said Legal & Regulatory division CEO Stacey Caywood.
"The acquisition will also immediately expand our ability to serve
the enterprise needs of global organizations, and accelerate our
ability to advance further in the global compliance market."
Together, Wolters Kluwer and Enablon will continue
to deliver Enablon's leading solutions to customers, leveraging
Wolters Kluwer's global reach and commitment to further strengthen
and expand Enablon offerings globally in existing and adjacent
markets.
"We are very excited by the opportunity to join
Wolters Kluwer," said Dan Vogel, Enablon Chairman, Chief Executive
Officer and co-founder. "Since the creation of Enablon in 2000, we
have been constantly investing in our products, technology and
people to benefit our growing community of customers and partners.
Joining a global leader would benefit our community by accelerating
the growth of our solutions and advancing our position
globally."
Enablon has approximately 340 employees, with
global headquarters in Courbevoie, France, and North American
headquarters in Chicago.
Upon receipt of the offer, Enablon granted to
Wolters Kluwer an exclusivity period during which Enablon will
conduct its employee consultation process in accordance with French
legal requirements.
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, risk and compliance, finance 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 2015 annual revenues of
€4.2 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.
Wolters Kluwer Legal & Regulatory is a
division of Wolters Kluwer, serving customers around the world with
expert information solutions, software, and services in the areas
of law, business, and regulatory compliance. Customers of Wolters
Kluwer Legal & Regulatory include law firms, corporate law
departments, business compliance professionals, corporate legal
counsel, legal educators, universities, libraries, and government
agencies.
Media Contacts: |
|
Leslie
Bonacum |
Annemarije Pikaar |
Legal
& Regulatory Communications |
Corporate Communications |
+1
847-267-7153 |
+31 (0)172 64 1470 |
leslie.bonacum@wolterskluwer.com |
press@wolterskluwer.com |
Investors/Analysts: |
|
Meg
Geldens |
|
Investor
Relations |
|
+ 31
(0)172 641 407 |
|
ir@wolterskluwer.com |
|
Forward-looking
Statements
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.
PDF version of Press
Release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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
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