Wolters Kluwer Financial Services of Minneapolis has agreed to buy the assets of a Houston flood-determination business owned by Stewart Information Services Corp.
"The combination of Stewart's flood determination business with our own … line of flood determination solutions allows Wolters Kluwer Financial Services to expand and strengthen our presence in this space," Brian Longe, the Wolters Kluwer NV unit's president and chief executive, said in a press release issued Thursday.
The deal is expected to close this quarter. Wolters Kluwer did not say how much it would pay.
