Kluwer makes two acquisitions, sells European unit.Wolters Kluwer Wolters Kluwer N.V. (Euronext: WKL) is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. North America (New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ), through its Aspen Publishers (New York) division, has completed the acquisition of assets Acquisition of assets
A merger or consolidation in which an acquirer purchases the selling firm's assets. from both Arthur Anderson (Chicago, IL) and Bowne & Co. (New York), while parent Wolters Kluwer has sold a Dutch professional publishing division. No terms for any of the deals were given.
Aspen Publishers has acquired Accounting Research Manager (ARM), an online database of expert-written analytical accounting and auditing information as well as primary source data from accounting regulators and standards boards, from Arthur Anderson. Approximately 16 Anderson accounting executives will also join Aspen as part of the deal and will remain in Chicago.
ARM was developed by Arthur Anderson to support the research needs of its own staff. Access was later given to Anderson clients and a limited number of other large companies and government agencies. Aspen said its initial focus will be on supporting the more than 1000 current commercial ARM subscribers, with the intent of making the product available to additional companies, accounting and audit firms at a later date.
ARM will become a part of Aspen's accounting and auditing unit, which includes the Miller accounting series.
In related news, Aspen has acquired the assets of Bowne & Co.'s securities publishing division, a unit that produces books and videos on securities, corporate and legal topics. Aspen was represented in the deal by investment banking firm Eugene Simonoff & Associates (New York).
In a statement, Aspen president/ceo Jane Butler said "we are proud to add the 'Securities Act Handbook' and the 'Rules and Regulations of the Securities and Exchange Commission' (the 'Red Box') to our list of securities and corporate governance Corporate Governance
The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. publications, including 'Securities Regulation.'"
Finally, Wolters Kluwer (Amsterdam) has sold its Dutch-language healthcare publisher Bohn Stafleu Van Loghum (BSVL; Houten, Neth.) to PCM (1) See phase change memory.
(2) (Plug Compatible Manufacturer) An organization that makes a computer or electronic device that is compatible with an existing machine. Algemene Boeken (Utrecht, Neth.). BSVL is a multi-media publisher for professionals active in the health sector, including physicians, specialists, dentists, paramedical par·a·med·i·cal
1. Of, relating to, or being a person trained to give emergency medical treatment or assist medical professionals.
2. staff, nurses, and mental welfare and social workers. The company produces books, magazines, newsletters, workshops, continuing education continuing education: see adult education.
or adult education
Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). courses, online databases and Internet services. Kluwer said BSVL has annual sales of EUR EUR
In currencies, this is the abbreviation for the Euro.
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 30 million with a staff of 130.
PCM operates a number of trade and consumer publishing units for the Dutch market and produces four of the five national daily newspapers.