Bohmann, located in Vienna, Austria, is one of the leading Austrian publishers of trade journals in the areas of transport and travel, craftsmanship and environmental issues. These publications are no longer consistent with Wolters Kluwer's core activities.
"The divestiture of Bohmann from Wolters Kluwer reflects Wolters Kluwer's announced strategy of focusing on its core activities," stated André Raven, CEO of Wolters Kluwer Central Europe. "We are very pleased that we were able to come to an agreement with the management regarding their acquisition of the company. It's a win-win situation for both Wolters Kluwer and Bohmann."
The divestiture will allow Wolters Kluwer to grow its Central European business even faster in the fiscal, financial and legal publishing areas. "Central Europe plays an important part in Wolters Kluwer's growth strategy," said André Raven, "and we will be looking at different ways we can increase our presence here." Wolters Kluwer has activities in the Czech Republic, Slovakia, Hungary, Poland and Russia. Wolters Kluwer has leading market positions with well-known brands among professionals such as Lex and ABC in Poland, Jogtár in Hungary and ASPI in the Czech Republic and Slovakia.
About Wolters Kluwer
Wolters Kluwer (Euronext Amsterdam: WKL) is a leading multinational publisher and information services company. The Company's core markets are in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. As of 2003, Wolters Kluwer has annual revenues of EUR 3.4 billion, employs approximately 19,500 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
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Caroline Wouters
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