BrazilWolters Kluwer sells Belgian training arm to NCOI Group
Wolters Kluwer has sold its €13 million training division in Belgium to NCOI Group, a Dutch player in the education and training market.
With revenues of €4.3 billion, Netherlands-headquartered Wolters Kluwer is one of the globe’s largest providers of information services and software solutions to professionals in the fields of health, tax & accounting, governance, risk & compliance, and legal & regulatory.
The group’s divestment of its training arm in Belgium will according to Paul De Ridder, a Managing Director at the company in Belgium, “provide greater focus on and enable to further invest in” its information solutions portfolio.
According to its latest financial statements (FY2018), the Belgian training business employs just under 50 people, who will now be integrated into the Belgian wing of NCOI Group. The business has a curriculum spanning some 1,500 training courses, delivered by about 750 instructors.
The move comes one month after NCOI Group acquired rival LOI in the Netherlands, making it the largest privately owned company in the Dutch education and training market.
Robert van Zanten, CEO of NCOI Group: “We have high respect for Wolters Kluwer’s training offerings and expertise, and we are committed to continued investment and growth of the Belgium education and training market. Kluwer Opleidingen customers can be ensured that they will continue to experience the highest level of quality and service.”
De Ridder added, “We are convinced that the joining of forces will create new opportunities for Kluwer Training and their clients.”
The deal was advised on by Marktlink, which supported Wolters Kluwer with sell-side M&A services. The deal-team consisted of Filip Mariën, Bart Schouten, Ben Essalama and Max Wouters. The buy-side dealmaker was at the time of writing not known.
