The acquisition is expected to deliver a return on invested capital (ROIC) above Wolters Kluwer’s after tax weighted average cost of capital (8%) within three to five years from completion. The transaction is expected to have an immaterial impact on Wolters Kluwer adjusted earnings in the first full year, according to the company’s press release.
Wolter Kluwer officials stated that this is a strategic acquisition, as demand for business license services increases and the company has already worked with LicenseLogix in the past.
LicenseLogix is a provider of business license services, including research, filing and ongoing compliance management. The company serves more than 800 corporate customers of all sizes and across all industries.
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