Legal publisher changes hands

LexisNexis, a computer-assisted legal research corporation, has come to terms with Wolters Kluwer regarding the acquisition of divisions in North America and Europe. Dutch global information services and publishing company Wolters Kluwer is to take over LexisNexis' legal services in Poland and Germany. Meanwhile LexisNexis will take over Wolters Kluwer's legal publishing assets in Canada. A Reed Elsevier company, the LexisNexis legal business in Poland has approximately 120 employees, as reported in a Lexis Nexis release. Wolters Kluwer is cementing its position on the European publishing market for years including 25 years of acquisitions in Germany, according to Reuters. Wolters Kluwer is responsible for legal, tax, finance, regulatory and health care publications and information dissemination. The firm has an annual revenue of €3.56 billion.