Wolters Kluwer neemt leverancier van juridische AI-software Libra Technology GmbH over

Core Insights - Wolters Kluwer has signed an agreement to acquire Libra Technology GmbH, a provider of AI technology for legal professionals, for a total amount that could reach €90 million, with €30 million paid upfront and the remainder contingent on performance targets [2][5]. Company Overview - Libra Technology GmbH, founded in 2023, has developed the Libra AI-Assistant, a platform designed to assist law firms and corporate legal departments in legal research and document analysis within a secure environment [3][5]. - The company has a growing customer base in Germany and other European countries, indicating a strong market presence [3]. Strategic Implications - The integration of Libra's AI technology with Wolters Kluwer's established legal content will create a comprehensive solution for legal research and document management, enhancing efficiency and security for clients [4]. - This acquisition complements Wolters Kluwer's existing AI solutions and is expected to accelerate its ambitious AI roadmap, providing greater value to legal professionals [5]. Financial Projections - The Libra AI-Assistant is projected to generate an annual recurring revenue (ARR) of approximately €5 million by the end of the year [5]. - The acquisition is anticipated to yield a return on invested capital (ROIC) equal to or greater than the company's weighted average cost of capital after tax (8%) within three to five years [5]. Company Background - Wolters Kluwer reported a revenue of €5.9 billion in 2024 and operates in over 180 countries, employing approximately 21,600 people [6].