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Wolters Kluwer : N.V., - Wolters Kluwer acquires Level Programs

06/28/2022 | 11:41am

PRESS RELEASE

Wolters Kluwer acquires Level Programs

Alphen aan den Rijn, June 28, 2022 - Wolters Kluwer Legal & Regulatory today announced it has signed and completed an agreement to acquire Level Programs S.L., a provider of legal practice management software in Spain.

Level Programs will become part of Legal & Regulatory's Legal Software business in Europe, which includes Kleos software for law firms and Legisway software for corporate legal departments. Level Program's principal product is Kmaleon, which is a platform used by mid-sized law firms in Spain to efficiently manage their cases and documents, billing, accounting, and time control.

Giulietta Lemmi, CEO Legal & Regulatory Legal Software at Wolters Kluwer, commented: "We are committed to supporting our customers' performance with the best-in-class legal practice management solutions that cover all core functions and meet the requirements of modern law firms with digital end-to-end processes. Bringing together the expertise and know-how of Level Programs and our own teams in Spain will enhance the level of services that we provide to our Spanish clients. With this acquisition, Wolters Kluwer gains a leading position in the Legal Software market in Spain."

Justo López Fabo, CEO of Level Programs, said: "Wolters Kluwer is a good fit for the next phase of Kmaleon, a solution that enjoys high customer satisfaction rates."

Level programs, founded in 1988, is headquartered in Terrassa, Spain and employs 26 professionals. The acquisition will have an immaterial impact on Wolters Kluwer's earnings and is expected to deliver a return on invested capital (ROIC) above Wolters Kluwer's after-tax cost of capital (8%) within three to five years.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory 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 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

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 (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Twitter, Facebook, and YouTube.

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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.

Certain trademarks referenced are owned by Wolters Kluwer N.V. and its subsidiaries and may be registered in various countries.

Disclaimer

Wolters Kluwer NV published this content on 28 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2022 15:40:18 UTC.

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