Karnov Group completes acquisition of Wolters Kluwer’s legal business in Sweden.
Karnov Group has completed the acquisition of Wolters Kluwer’s Swedish Legal and Regulatory business, hereby strengthening the position in Sweden, making Karnov Group one of the leading suppliers of legal information solutions.
The transaction was completed on Thursday, January 4th 2018, at a price of 68 mn EUR.
By this acquisition, Karnov Group takes over Wolters Kluwer’s Legal & Regulatory business, which going forward will be named Norstedts Juridik AB. This business area includes the legal solutions Zeteo and Crito as well as the Swedish publishing business.
For many years, Norstedts Juridik has successfully delivered legal information solutions to the Swedish legal business, as well as the corporate and public sectors.
By combining the two leading players, Norstedts Juridik and Karnov Group, the ambition is to offer the Swedish market the absolute best legal information solutions, with even higher quality and increased accessibility.
"With this aquisition we strengthen the outlook for both companies, as well as strengthening our position as the leading supplier of legal information in Scandinavia. We will have an even broader customer base, having access to the product portfolio of both companies. At the same time, we will have the possibility of developing even better solutions for the market, making use of our capabilities in artificial intelligence and virtual reality”, says Flemming Breinholt, CEO of Karnov Group.
The actual merger of the businesses will take place in the first half of 2019. Until then, the companies will act as two separate units. Norstedts Juridik and Karnov will remain as two separate brands under Karnov Group.
Karnov Group will have 230 employees and an expected yearly turnover of SEK 625 mn.
For more information, please contact
Flemming Breinholt, CEO, Karnov Group
Tel: +45 4032 2332
About Karnov Group
Karnov Group is Scandinavia’s largest supplier of information solutions for professionals in the areas of legal, tax, and auditing. With brands as Karnov, Norstedts Juridik, VJS, Notisum, Change Board Member, and Forlaget Andersen, Karnov Group delivers knowledge and insights, enabling more than 40.000 users to make better decisions, faster – every day.
With offices in Copenhagen, Stockholm, and Malmø, Karnov Group employs 230 people.
Karnov Group is owned by Five Arrows Principal Investments, part of Rothschild Group.
About Norstedts Juridik
Since 1861, Norstedts Juridik has delivered legal information solutions for the Swedish market, offering products such as Sveriges Rike Lag, Zeteo, Crito, and Fritzes.