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Wolters Kluwer acquired SBS Software, a German supplier of accounting and payroll software. This forty year old company from Bretten in Baden-Württemberg has more than one hundred employees and serves some six thousand customers. The transaction is expected to close in January 2015. An acquisition price is not mentioned.
Wolters Kluwer worked longer with SBS Software, but expects the acquisition to strengthen its position in the German market for tax. All SBS product lines and distribution partnerships are also supported by Wolters Kluwer. Its key products include SBS Lohn plus for payroll and SBS Rewe neo accounting.
Wolters Kluwer had 2013 revenues of 3.6 billion euros. There are approximately nineteen thousand people in the information group.
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