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Wolters Kluwer N.V. ( (GB:0NMU) ) has shared an announcement.
Wolters Kluwer has announced the acquisition of Registered Agent Solutions, Inc. (RASi) from Lexitas for approximately $415 million in cash. This acquisition aims to enhance Wolters Kluwer’s CT Corporation’s presence with small and midsize businesses in the U.S. RASi, with a strong reputation for innovation and quality service, provides a range of corporate services and has seen consistent profitability, with 2024 revenues of about $52 million. The deal, expected to close in the first half of 2025, is anticipated to be financially beneficial in the long term while having minimal immediate impact on Wolters Kluwer’s earnings.
More about Wolters Kluwer N.V.
Wolters Kluwer is a global leader providing information, software solutions, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance, and ESG. The company serves customers in over 180 countries, operates in more than 40 countries, and employs around 21,400 people worldwide. Headquartered in Alphen aan den Rijn, Netherlands, Wolters Kluwer reported 2023 annual revenues of €5.6 billion.
YTD Price Performance: 10.66%
Average Trading Volume: 115,605
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €39.98B
For a thorough assessment of 0NMU stock, go to TipRanks’ Stock Analysis page.
