The corporate training company IEC (Internal & External Communication, Inc.) has been sold to Quisic - formerly known as University Access. IEC, located in Marina del Rey, California, USA, develops and sells tailor-made (computer-based) training and communication services that enhance employee and business performance. In 1999, IEC sales amounted to approximately EUR 12 million.
Wolters Kluwer has sold HQ Group to its management. HQ Group, based in Switzerland and Germany, provides computer-based assessment and training solutions for human resources departments of large corporate clients. In 1999, HQ Group generated sales of approximately EUR 5 million.
These divestments follow the decision to discontinue the Professional Training activities, which was announced by Wolters Kluwer in March 2000. In 1999, the overall Professional Training revenues amounted to EUR 134 million, bringing in EUR 14 million of operating income. Negotiations for the sale of the remaining companies of Professional Training are in progress. The divestment will yield a book profit for Wolters Kluwer, which will be included under extraordinary items.
Wolters Kluwer has sold HQ Group to its management. HQ Group, based in Switzerland and Germany, provides computer-based assessment and training solutions for human resources departments of large corporate clients. In 1999, HQ Group generated sales of approximately EUR 5 million.
These divestments follow the decision to discontinue the Professional Training activities, which was announced by Wolters Kluwer in March 2000. In 1999, the overall Professional Training revenues amounted to EUR 134 million, bringing in EUR 14 million of operating income. Negotiations for the sale of the remaining companies of Professional Training are in progress. The divestment will yield a book profit for Wolters Kluwer, which will be included under extraordinary items.
For further information, please contact:
Press: Patrick Hendriks, Secretary to the Executive Board, tel. +31 20 6070 450
Analysts/Investors: Annie Hull-Bom, Head of Investor Relations, +31 20 6070 407
Press: Patrick Hendriks, Secretary to the Executive Board, tel. +31 20 6070 450
Analysts/Investors: Annie Hull-Bom, Head of Investor Relations, +31 20 6070 407
e-mail: info@wolterskluwer.com (press)
e-mail:ir@wolterkluwer.com (investor relations)
e-mail:ir@wolterkluwer.com (investor relations)
Wolters Kluwer (www.wolterskluwer.com) is a multinational information services company with annual revenues of more than EUR 3 billion, employing 18,000 people in Europe, North America and Asia Pacific.
The company's core activities are Legal, Tax & Business, International Health & Science and Education. The Wolters Kluwer shares are quoted on the Amsterdam Exchanges.
The company's core activities are Legal, Tax & Business, International Health & Science and Education. The Wolters Kluwer shares are quoted on the Amsterdam Exchanges.