REG - Wilmington PLC - APM sold for EUR 26 million

WilmingtonAnnouncement

26/04/2024 08:00

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RNS Number : 1846M  Wilmington PLC  26 April 2024

26 April 2024

 

Wilmington plc

 

APM sold for €26 million

 

Wilmington plc (LSE: WIL, 'Wilmington', 'the Group'), the provider of data,
information, education and training in the global Governance, Risk and
Compliance markets, has sold its French healthcare business, APM, for an
enterprise value of €26 million in cash, subject to customary working
capital adjustments, to Philia Medical Editions SAS, a subsidiary of Europa
Group.

 

For the year ended 30 June 2023, APM had gross assets of €9.6 million and
reported a profit before tax of €2.3 million. The proceeds of the sale will
be used for general corporate purposes.

 

Mark Milner, Chief Executive Officer of Wilmington, said

 

"This sale reflects our continued and active management of our portfolio as we
assess the potential of each business to exhibit the six common Wilmington
characteristics that we recognise as key drivers of organic revenue growth and
profitability improvement."

 

Marc Doncieux, Chairman and co-Founder of Europa Group, said

 

"APM's entry into Europa Group is a major asset in consolidating our position
as the French leader in training and health information. APM is a key player
in our market, whose reputation for excellence and independence is perfectly
in line with Europa Group's global strategy. We are delighted to welcome them
on board!"

 

For further information, contact:

 

 Wilmington plc                          020 7490 0049

 Mark Milner, Chief Executive Officer

 Guy Millward, Chief Financial Officer

 Meare Consulting                        07990 858548

 Adrian Duffield

 

Notes to Editors

Wilmington plc is the recognised knowledge leader and partner of choice for
data, information, education and training in the global Governance, Risk and
Compliance (GRC) markets. Wilmington employs close to 1,000 people and sells
to around 120 countries. Wilmington is listed on the main market of the London
Stock Exchange

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