New York-based LexisNexis, a legal tech company, announced that it has acquired Utrecht-based Caselex, a provider of merger control intelligence. The financial terms of the deal have not been disclosed, according to a report.
The announcement comes after the acquisition of CLM company Parley Pro and transaction management platform Closd.
Why this acquisition?
According to the company, the acquisition comes as a part of its commitment to provide a single destination where lawyers can get the legal intelligence they need to advise their clients.
Based out of Utrecht, Caselex is a legal information service that provides a market definition module for merger control decisions and English translations.
The company has one of the largest market definition databases in the world. It has 52,000 market definitions from 17,000 merger control decisions, collated and translated from 55 Competition Authorities across Europe, North America, Latin America, Asia, and Oceania.
The new capability will serve as an expansion to LexisNexis Law360 and LexisNexis Practical Guidance offerings. This will include legal and regulatory news and notes on competition and regulatory law.
LexisNexis will also help Caselex in expanding into law firms across the UK and globally.
LexisNexis: What you need to know
LexisNexis Legal & Professional provides legal, regulatory and business information and analytics that helps customers increase productivity, improve decision-making and outcomes, and advance the rule of law worldwide.
The company claims that it was the first to bring legal and business information online with its Lexis and Nexis services.
The company serves customers in more than 160 countries with 10,400 employees worldwide.