Wolters Kluwer to acquire legal AI assistant software provider Libra Technology GmbH

Rhea-AI Summary

Wolters Kluwer (OTC:WTKWY) agreed to acquire Berlin-based legal AI provider Libra Technology GmbH for up to €90 million on November 14, 2025, including a €30 million upfront payment and deferred consideration tied to performance targets.

Libra’s AI assistant, launched in late 2024, serves law firms and corporate legal teams in Germany and Europe and is expected to reach about €5 million ARR by year-end. All ~15 employees will join Wolters Kluwer. Management expects ROIC at or above an after-tax WACC of 8% within 3–5 years, and an immaterial near-term impact on adjusted earnings. Closing is expected in November 2025, subject to customary conditions.

Positive

• Acquisition price up to €90 million
• €30 million paid upfront
• Libra expected €5 million ARR by year-end
• 15 employees to join Wolters Kluwer
• Targeted ROIC ≥ 8% within 3–5 years

Negative

• Deferred consideration contingent on performance targets
• Near-term offer will have immaterial impact on adjusted earnings

News Market Reaction

+0.68%

1 alert

+0.68% News Effect

On the day this news was published, WTKWY gained 0.68%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PRESS RELEASE                                        

Wolters Kluwer to acquire legal AI assistant
software provider Libra Technology GmbH

Alphen aan den Rijn – November 14, 2025 – Wolters Kluwer Legal & Regulatory has signed an agreement to acquire Libra Technology GmbH (Libra), a Berlin-based provider of AI technology for legal professionals, for up to €90 million, of which €30 million is an upfront payment with the balance being deferred consideration contingent upon reaching certain performance targets.

Libra has developed the Libra AI assistant, an intuitive, best-in-class legal platform designed to help law firms and legal departments streamline broad research, drafting, review, and analytics use cases with accuracy and efficiency in a secure collaboration environment. Libra serves a substantial and rapidly growing customer base of law firms and corporate legal departments in Germany and other European countries.

The combination of Libra’s legal AI assistant technology with Wolters Kluwer’s trusted, authoritative, AI enhanced legal content, will deliver a powerful, all-in-one solution for legal research, drafting, review and document analysis. This integrated solution leverages advanced AI and agentic technology to empower customers to work more efficiently and securely, while creating higher quality outcomes. This combined offering will deliver unmatched accuracy, compliance, and domain depth, setting a new benchmark for AI in legal practice.

Martin O’Malley, CEO Wolters Kluwer Legal & Regulatory division: “This acquisition complements Wolters Kluwer’s Expert AI solutions already available in our legal research platforms in Europe and the US to deliver enhanced value to legal customers. Libra’s proven, cutting-edge solution fits perfectly with and accelerates our exciting AI roadmap. We look forward to welcoming the Libra team to Wolters Kluwer and deliver even greater impact for our customers.”

Viktor von Essen, Co-Founder and CEO of Libra Technology: “By joining Wolters Kluwer, and gaining access to its pre-eminent and proprietary legal content and deep domain expertise, we will be able to unleash the full potential of our Libra AI assistant across markets. Wolters Kluwer Legal & Regulatory shares our passion for leveraging advanced technology to enhance the practice of law. The Libra team are looking forward to joining Wolters Kluwer and accelerating our geographic expansion together.”

Libra Technology GmbH was founded in 2023 by Viktor von Essen and Dr. Bo Tranberg, and has approximately 15 employees, all of whom will be joining Wolters Kluwer Legal & Regulatory. Libra launched its AI assistant in late 2024. This subscription-based solution is expected to reach approximately €5 million in annual recurring revenue (ARR) by the end of this year. We expect the acquisition to achieve a return on invested capital (ROIC) at or above our after tax weighted average cost of capital (8%) within 3-5 years. In the near term, the acquisition is expected to have an immaterial impact on adjusted earnings. The transaction, which is subject to customary closing conditions, is expected to be completed in November 2025.

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About Wolters Kluwer
Wolters Kluwer (Euronext: WKL) is a global leader in information solutions, software and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,900 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, Euro Stoxx 50 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, Facebook, YouTube and Instagram.

Media	Investors/Analysts
Stefan Kloet	Meg Geldens
Associate Director	Vice President
Global Communications	Investor Relations
stefan.kloet@wolterskluwer.com	ir@wolterskluwer.com
+316 122 236 57

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; conditions created by pandemics; 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.

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

Attachment

• 2025.11.14 Wolters Kluwer to acquire legal AI assistant software provider Libra Technology

FAQ

What is the acquisition price Wolters Kluwer agreed to pay for Libra (WTKWY)?

Wolters Kluwer agreed to pay up to €90 million, including a €30 million upfront payment and deferred payments tied to performance targets.

When is the Wolters Kluwer acquisition of Libra Technology expected to close?

The transaction is expected to be completed in November 2025, subject to customary closing conditions.

How much annual recurring revenue (ARR) does Libra Technology expect in 2025?

Libra’s subscription solution is expected to reach approximately €5 million ARR by the end of 2025.

How will the Libra acquisition affect Wolters Kluwer’s earnings and returns (WTKWY)?

Management expects an immaterial near-term impact on adjusted earnings and a ROIC at or above an after-tax WACC of 8% within 3–5 years.

Will Libra Technology employees join Wolters Kluwer after the deal?

Yes; approximately 15 employees, including founders, will join Wolters Kluwer Legal & Regulatory.