Toronto, October 1st / PRNewswire / -- Thomson Reuters Corporation ( Thomson Reuters Corporation , TSX / Nasdaq : TRI ) announced today that it has completed the transaction previously disclosed to sell the majority of its global printing business to the capital account of an advisor advised by KKR. KKR is a leading global investment firm.
The business is currently operating independently under the name of Westbridge Print, providing services to legal and tax professionals in 13 countries, as well as commercial printing services for book publishers in multiple markets.
Thomson Reuters stated that for the company, this transaction will enable it to focus more on providing innovative fiduciary-level AI solutions for the legal, tax, auditing, and compliance industries.
About Thomson Reuters
Thomson Reuters ( TSX / Nasdaq : TRI ) helps people and organizations to make informed decisions by providing them with credible content and technology. The company serves professionals in fields such as law, taxation, auditing, accounting, compliance, government, and media. Its products combine highly specialized software with insights to assist professionals in making wise decisions using data, information, and solutions, and to help institutions pursue justice, truth, and transparency. Reuters ( Reuters ), a subsidiary of Thomson Reuters, is a global leader in providing credible news. For more information, please visit thomsonreuters.com.
About KKR
KKR is a leading global investment firm that provides alternative asset management, as well as capital market and insurance solutions. KKR aims to create attractive investment returns through patient and disciplined investment methods, world-class talent, and support for portfolio companies and communities. The investment funds initiated by KKR invest in private equity, credit, and physical assets, and it has strategic partners for managing hedge funds. The insurance subsidiary of KKR provides retirement, life insurance, and reinsurance products under the management of Global Atlantic Financial Group. References to KKR investments may include activities of its initiated funds and insurance subsidiary. For more information about KKR & Co, Inc (. NYSE : KKR), please visit the KKR official website. For more information about Global Atlantic Financial Group, please visit www.globalatlantic.com.
About Westbridge Print
Westbridge Print is a leading information provider that mainly delivers content to legal and tax professionals, governments, law schools, and enterprises in print form as well as through ProView. Westbridge Print also utilizes its capabilities to provide commercial printing services to a wide range of book publishers, including those in trade, government, association, religious organizations, universities, and children's books. The customers for this business are primarily located in the United States, Canada, and the United Kingdom.
Contact Information
Media
KKR
Kenny Juarez
[ email protected ]
Thomson Reuters
Zoe Zanettos
Corporate Communication
[ email protected ]
Investors
Thomson Reuters
Gary E. Bisbee, CFA
Head of Investor Relations
[ email protected ]
