Printer Friendly
The Free Library
22,728,043 articles and books

Wolters Kluwer buys majority stake in Russian publisher.



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.  Legal, Tax & Regulatory Europe (London), a unit of Wolters Kluwer (Amsterdam), has agreed to acquire a 55% ownership stake in the International Centre for Financial and Economic Development (ICFED; Moscow), a professional publisher specializing in information services See Information Systems.  for human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , tax and accounting professionals. Wolters Kluwer has the right to acquire the remaining 45% stake "over time." No other terms were given. The deal is subject to the approval of Russian anti-trust authorities.

Wolters said that ICFED (known in the Russian language as MCFR MCFR Marion County Fire Rescue (Florida) ) holds leading positions in journals, loose-leafs, books and education and training for human resources, tax, accounting, legal, pharmaceutical, education and public administration professionals throughout Russia. Over the past two years, ICFED has expanded into Ukraine, Kazakhstan, Uzbekistan and Azerbaijan, all members of the CIS Cis (sĭs), same as Kish (1.)


(1) (CompuServe Information Service) See CompuServe.

(2) (Card Information S
, and launched versions of their products customized for national markets. The company also produces a variety of seminars and conferences. It was established in 1991 and has approximately 800 employees.

The acquired company publishes 27 journals, which have a combined total of over 250,000 subscribers, in the fields of health, education and culture, labor safety, and business. Journal titles include "Head Nurse," "New Pharmacy," "Statutory Acts on Labour Safety," "Modern Office" and "Railway Economics." ICFED's consulting unit provides auditing and consulting services for a range of business entities and organizations.

Wolters Kluwer Legal, Tax & Regulatory Europe CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Rolv Eide said "we see important potential in emerging markets such as Russia as significant growth in the number of professionals continues...this joint venture enables us to expand our global footprint and product offering to better serve our customers in Eastern Europe."
COPYRIGHT 2007 JK Publishing, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Publisher
Date:Aug 17, 2007
Words:271
Previous Article:Alta Comm. forms partnership to acquire HMP Communications.
Next Article:Wolters Kluwer Law & Business buys Technical Answer Group.
Topics:



Related Articles
WOLTERS KLUWER ACQUIRES HARCOURT'S PROFESSIONAL PUBLISHING UNIT.
Kluwer Academic acquires food science list from Aspen.
Wolt. Kluwer acquires Casenotes Publ.; seeks buyer for Kluwer Academic.
W. Kluwer buys Charles D. Spencer, public records co. & book titles.
Wolters Kluwer North America purchases esalestax.com, Inc.
Kluwer makes two acquisitions, sells European unit.
Major trade, professional publication, online & related business information acquisitions, third quarter 2002.
Wolters Kluwer sells KnowledgePoint; makes purchases in the UK & Spain.
Wolters Kluwer Legal unit acquires German publisher; enters Portuguese market.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters