Wolters Kluwer to acquire legal AI assistant software provider Libra Technology GmbH

Core Insights - Wolters Kluwer has signed an agreement to acquire Libra Technology GmbH for up to €90 million, with an upfront payment of €30 million and the remainder contingent on performance targets [2][4] - The acquisition aims to integrate Libra's AI technology with Wolters Kluwer's legal content, creating a comprehensive solution for legal research and document analysis [3][4] - Libra's AI assistant is expected to generate approximately €5 million in annual recurring revenue by the end of 2025, and the acquisition is projected to achieve a return on invested capital at or above 8% within 3-5 years [4] Company Overview - Wolters Kluwer is a global leader in information solutions and services across various sectors, including legal and regulatory, with reported annual revenues of €5.9 billion in 2024 [5][6] - The company operates in over 40 countries and employs approximately 21,900 people, serving customers in more than 180 countries [6] - Wolters Kluwer is listed on Euronext Amsterdam and included in major indices such as AEX and Euro Stoxx 50 [7]