Wolters Kluwer, a software solutions and professional services provider, has agreed to sell its Finance, Risk and Regulatory Reporting (FRR) business to Regnology Group for approximately 450 million euros ($526 million).
The divestment will enable Wolters Kluwer to focus more on U.S. banking compliance and corporate legal services, according to a company release today. The transaction is expected to close this fall. Wolters Kluwer will determine the use of net after-tax proceeds from the sale following the closing and anticipates recording a capital gain.
Wolter’s FRR business generated nearly $144 million in revenue in 2024 — about 10% of the company’s total — and has invested heavily in its platform to meet evolving regulatory demands, including Basel requirements.
Meanwhile, Regnology Group, a software and compliance solutions provider, will “significantly strengthen” its ability to serve financial institutions globally, Chief Executive Rob Mackay stated in the release.
“This acquisition allows us to expand into new territories and accelerate our vision of delivering unified regulatory, risk and finance reporting solutions,” he said.
Editor’s note: All amounts have been converted to U.S. dollars.
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