Thomson Reuters announced its acquisition of leading Brazilian publishing house Revista dos Tribunais on Monday, according to the press release posted on PRNewswire.com.

This move is aimed at providing a "strategic opportunity" for the Reuters group to lead the Brazilian legal information market by offering advanced information, software and online services, btobOnline.com reported.

The legal industry in Brazil has by far been reliant on print resources for information and this acquisition brings Reuters "tremendous advantage in the emerging Brazilian legal information market by providing an all-in-one service that will give Brazilian professionals quick access to the most accurate legal content available. Revista dos Tribunais brings a strong local brand, high-caliber content and authors, and deep customer relationships that will help build our online business in Brazil," Gonzalo Lissarrague, senior vice president of Latin America for Thomson Reuters Legal, stated in the press release. Lissarrague will now oversee combined operations of the legal groups.

Being a leader in the legal publishing market with a 98-year history and more than 2,000 published titles in its catalogue, Revista dos Tribunais will deploy nearly 300 staff members throughout the country, and 43 branches will join the Thomson Reuters, the press release stated.

Financial terms of the deal were not disclosed.