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Wolters Kluwer N.V. (WTKWY) delivers professional information and software solutions across healthcare, legal, finance, and compliance sectors through integrated digital platforms and AI-driven tools. This page aggregates official announcements and verified news developments critical for understanding the company’s market position.
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Wolters Kluwer announced the completion of its previously disclosed transaction combining certain Prosoft assets in Brazil with Alterdata. This was part of an agreement made on February 22, 2021, in exchange for a minority stake in the newly formed entity. In 2020, Prosoft generated revenues of €10 million and employed 210 people. Following the transaction, an unrealized foreign exchange loss of approximately €27 million was recognized due to the Brazilian real's devaluation against the euro. The company had reported annual revenues of €4.6 billion in 2020.
A study by the WHO and ILO highlights a significant health crisis linked to working long hours, indicating up to 745,000 annual deaths from stroke and ischemic heart disease among individuals working 55 hours or more weekly. Between 2000 to 2016, deaths due to heart disease rose by 42%, and stroke-related deaths grew by 19%. This data emphasizes the urgent need for corporate policy reevaluation and improved labor regulations, particularly for non-exempt employees in the U.S., as many currently lack adequate protections.
Wolters Kluwer has acquired Vanguard Software for approximately $110 million in cash. This acquisition allows Wolters Kluwer to enhance its CCH Tagetik financial performance management platform by integrating sales and operations planning, including supply chain planning and predictive analytics. Vanguard Software, serving more than 60 countries, reported total revenues of $7.2 million in 2020, with cloud software revenues growing 33% organically. The transaction is expected to deliver a return on invested capital above 8% within 3 to 5 years, with an immaterial impact on adjusted net profit.