Frankfurt am Main, 3 November 2026 - A&O Shearman has advised Wolters Kluwer on the sale of its German consumer tax business, Wolters Kluwer Steuertipps GmbH (Steuertipps), to Buhl Data Service GmbH. The purchase price amounts to EUR 40 million.

With the divestment, Wolters Kluwer Tax & Accounting sharpens its strategic focus on professional markets, where the company sees the greatest opportunities for synergies, sustainable long-term growth and corresponding returns.

Wolters Kluwer is a global leader in information solutions, software and services for professionals in healthcare, tax & accounting, financial & corporate compliance, legal & regulatory, and corporate performance & ESG. The company reported annual revenues of EUR 6.1 billion in 2025, operates in more than 40 countries and employs around 21,100 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

Wolters Kluwer Steuertipps offers consumers in Germany solutions and information on tax matters. The business is expected to generate gross revenues of around EUR 30 million (unaudited) in 2026.

Advisors to Wolters Kluwer: A&O Shearman
Dr. Matthias Horn (Partner, lead), Claudia Andermann (Associate, both Corporate/M&A, Frankfurt), Dr. Jens Matthes (Partner, IP, Düsseldorf), Dr. Heike Weber (Partner, Tax), Dr. Sebastian Schulz (Partner, Employment, both Frankfurt), Catharina Glugla (Partner, Data Protection, Düsseldorf), Dr. Benn Berger (Senior Associate, Tax), Dr. Kathrin Haag (Senior Associate, Antitrust, both Hamburg), Jonathan Berz (Associate, Corporate/M&A), Dr. Jan Henrich (Associate, Employment, both Frankfurt), Pascal Yves Schroeder (Associate, Data Protection, Düsseldorf), Laura Ulm (Executive Transaction Lawyer, Frankfurt)

This text was automatically translated from the German original.