VNU Group B.V. today announced it has agreed to sell its 34.3 percent stake in Solucient, an information products company serving the healthcare industry, to The Thomson Corporation, which is acquiring 100 percent of Solucient, VNU announced in a statement Wednesday. Terms of the transaction, which is expected to be completed later this year, were not disclosed.
VNU said Solucient provides valuable information, but no longer is considered a strategic fit strategic fit with VNU’s Marketing Information group, which focuses primarily on the consumer goods sector.
VNU has been a minority owner of Solucient since 1999. It acquired its stake by contributing a healthcare information business, Sachs Group, to a joint venture with private-equity firm Veronis, Suhler & Associates (now Veronis Suhler Stevenson). The joint-venture business, originally known as HCIA-Sachs, was later renamed Solucient, according to the VNU statement.