Wolters Kluwer acquires Dutch tax solutions provider MFAS
31 Oktober 2023 - 11:31AM
Wolters Kluwer acquires Dutch tax solutions provider MFAS
PRESS RELEASE
Wolters Kluwer acquires Dutch tax
solutions provider MFAS
Alphen aan den Rijn, October 31, 2023 – Wolters
Kluwer Legal & Regulatory (LR) today announced that it has
signed and completed the acquisition of MFAS, a Dutch provider of
practical tax content solutions and productivity tools. MFAS will
become part of Wolters Kluwer LR Benelux, which is a leading
provider of information solutions and software serving legal and
tax professionals in the Netherlands.
During the past 30 years, MFAS has developed a unique suite of
practical tax content and tools that enhance the professional’s
daily workflow, including checklists, templates, and calculation
models. These solutions are used by thousands of tax specialists,
accountants, and financial planners across the Netherlands to
proactively support their clients in an ever-changing tax
landscape. MFAS services will be integrated into Wolters Kluwer's
product portfolio.
Rimco Spanjer, Vice President and Managing Director of Wolters
Kluwer LR Benelux, said: “MFAS is an important player in the Dutch
practical tax content market that complements our existing,
distinctive software and research content for legal and tax
professionals. We are pleased to be adding the practice-oriented
approach of the MFAS tax solution to our offering, which fits our
strategy of serving customers with expert solutions that combine
deep domain knowledge with the latest technology.”
Henry Meijer, Founder and CEO at MFAS, added: “For the last
thirty years, we have collaborated with our clients to develop
solutions that fulfill the ever-changing needs of tax
professionals. Today’s exciting news presents numerous
opportunities for both MFAS and Wolters Kluwer customers. We look
forward to being part of Wolters Kluwer LR Benelux and leveraging
its extensive expertise in software and advanced technologies,
continuing to provide impactful innovation to our expanding client
base.”
Besides its two founders, MFAS has no employees. The acquisition
will have an immaterial impact on Wolters Kluwer's earnings and is
expected to achieve a return on invested capital (ROIC) above
Wolters Kluwer’s after-tax cost of capital (8%) within 3 to 5
years.
# # #
About Wolters Kluwer Wolters Kluwer (EURONEXT:
WKL) is a global leader in information, software, and services for
professionals in Health, Tax and Accounting, Financial Corporate
Compliance, Legal & Regulatory, and Corporate Performance &
ESG. We help our customers make critical decisions every day by
providing expert solutions that combine deep domain knowledge with
specialized technology and services.
Wolters Kluwer reported 2022 annual revenues of €5.5 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 20,900
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and
are included in the AEX and Euronext 100 indices. Wolters Kluwer
has a sponsored Level 1 American Depositary Receipt (ADR) program.
The ADRs are traded on the over-the-counter market in the U.S.
(WTKWY).
For more information, visit www.wolterskluwer.com, follow
us on LinkedIn, Twitter, Facebook, and YouTube.
Media ContactPaul LyonSenior Director, External
CommunicationsWolters KluwerMobile: +44 7765 391 824
Paul.Lyon@wolterskluwer.com
Investors/Analysts Meg Geldens Vice
President, Investor Relations Wolters Kluwer t +31
(0)172-641-407 ir@wolterskluwer.com
Forward-looking statements and other important legal
information This report contains forward-looking
statements. These statements may be identified by words such as
“expect”, “should”, “could”, “shall” and similar expressions.
Wolters Kluwer cautions that such forward-looking statements are
qualified by certain risks and uncertainties that could cause
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affecting Wolters Kluwer’s businesses, as well as risks related to
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risks such as currency movements, interest rate fluctuations,
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foregoing list of factors should not be construed as exhaustive.
Wolters Kluwer disclaims any intention or obligation to publicly
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result of new information, future events or
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- 2023.10.31 Press release Wolters Kluwer acquires Dutch tax
solutions provider MFAS
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