The deal will be signed in the next two weeks, according to Tom Schwartz, Reynolds spokesman.
Netherlands-based Wolters Kluwer provides information software and services in the health care, tax, law and finance industries.
“As a leader in automotive dealership solutions, Reynolds and Reynolds is well-positioned to continue to support the unique needs of indirect loan origination customers,” said Richard Flynn, CEO of Wolters Kluwer’s GRC division, in a release.
The Minnesota division has 36 employees and Reynolds said in a company release it expects to keep that staff.
The new business complements Reynolds document services expertise and market strengths in documents and compliance, Schwartz said.
“We continually look for ways to grow our business,” said Jerry Kirwan, senior vice president and general manager of Reynolds Document Services at Reynolds and Reynolds. “Reynolds already offers an extensive documents product portfolio, along with well-known expertise in business forms compliance for dealerships. By acquiring these additional documents, software and services business, Reynolds will be able to serve an even broader set of markets and customers even more effectively.”
Reynolds, a privately held company that provides software, documents, and professional services to automotive retailers, has more than 4,300 workers worldwide, including about 1,300 at its Kettering headquarters and 400 at its documents production division in Celina, Ohio. The company also has major operations in Houston and College Station, Texas.