Wolters Kluwer Legal & Regulatory announced Thursday it has signed an agreement to acquire Libra Technology GmbH, a Berlin-based legal AI company, for up to €90 million. The deal includes €30 million upfront, with the remainder contingent on achieving performance milestones.
The acquisition will merge Libra’s AI assistant technology with Wolters Kluwer’s established legal content, promising an all-in-one platform for law firms and corporate legal departments to streamline research, drafting, review, and analytics.
Libra AI: Transforming Legal Workflows
Founded in 2023 by Viktor von Essen and Dr. Bo Tranberg, Libra Technology developed its Libra AI assistant to deliver secure, efficient, and highly accurate legal services. The platform already serves a growing customer base in Germany and across Europe.
“By combining Libra’s cutting-edge AI with our trusted content, we will offer legal professionals a powerful, integrated solution that boosts accuracy, compliance, and productivity,” said Martin O’Malley, CEO of Wolters Kluwer’s Legal & Regulatory division.
Viktor von Essen, Libra CEO, added: “Joining Wolters Kluwer gives us access to unparalleled legal content and expertise. We’re excited to scale the Libra AI assistant across new markets and accelerate its global expansion.”
