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Wolters Kluwer Acquires Dingxin Chuangzhi in China | ![]() |
Tuesday, 16. September 2014 08:30 | ||||||||||||||||
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Acquisition extends Wolters Kluwer's global position in tax and accounting software Beijing, China (September 16, 2014) - Wolters Kluwer announced today that it has acquired Dingxin Chuangzhi, a leading Chinese audit software provider for professional accounting firms, based in Beijing. Dingxin Chuangzhi has 50 employees and serves over 1,000 clients in the Greater China region. The acquisition aligns with Wolters Kluwer's strategy to expand its leading, high growth position in tax and accounting software and broadens the existing Wolters Kluwer China tax and accounting product portfolio and R&D expertise. The acquisition is expected to be earnings enhancing in its first year and to cover our weighted average cost of capital within 3-5 years. Shasha Chang, CEO of Wolters Kluwer China, commented "Dingxin Chuangzhi allows us to expand our offerings into the Chinese audit market. Building on our strong local customer relationships, content offerings, and talent, Dingxin Chuangzhi enables us to provide a more comprehensive offering to tax, accounting, and audit professionals in China. We are extremely excited about this addition to our organization." About Wolters Kluwer Wolters Kluwer Tax & Accounting, a division of Wolters Kluwer, is the leading provider of premier information, research, and software tools in the global tax and accounting arena. Tax, accounting, and audit professionals who serve as trusted advisors to clients and businesses worldwide rely on authoritative content and integrated workflow solutions from global leader Wolters Kluwer Tax & Accounting. About Dingxin Chuangzhi
Forward-looking Statements This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Wolters Kluwer NV via Globenewswire HUG#1856042 |
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