NEW YORK and STOCKHOLM, Sweden, July 30, 2021 (GLOBE NEWSWIRE) – TransPerfect, the world’s largest provider of generation and linguistic responses to global companies, announced the merger of its operations with Semantix, the largest Nordic provider of translation services and interpretation. , through the acquisition of the parent company of the group, Semantix International Group AB. The monetary terms of the transaction were not disclosed.
Semantix has a long history in the language industry and has made acquisitions in the Nordic countries that have propelled it to become the largest language response organization in the region in terms of revenue. Semantix will operate as a department within the TransPerfect circle of corporate relatives and will continue to be managed through its existing control team.
TransPerfect President and CHIEF Executive Officer Phil Shawe said: “We have competed with Semantix in the Nordic countries for over 15 years and have admired its leadership position and strong reputation. It’s exciting to have them on our fast-growing global team and paints in combination with Accomplishing Wonderful Things for Our Customers. We welcome everyone at Semantix to the TransPerfect family, which will be a home look for some members who have painted with TransPerfect in the past.
The combined company will benefit from the increased global translation presence, the maximum varied visitor base and one of more than 7,500 professionals worldwide. In line with M’s strategy
Semantix CEO Patrik Attemark commented: “After seeing the transperfect history from afar, it was refreshing to be informed during the diligence that our control groups were already sharing the same concepts in their technique with the company. The merger with TransPerfect is a testament to the final touch of success of Semantix’s transformation into a leader in the language technologies for multilingual services industry. While Semantix is the market leader in the Nordic countries, we believe that access to TransPerfect’s global presence, extensive resources and state-of-the-art generation offerings will enable us to better serve our consumers globally.
Language Solutions CBO Britta Aagaard, who joined Semantix in 2017 when she obtained her company, TextMinded, added: that they are completely in line with TransPerfect’s approach. I don’t see a better spouse with whom to write the next bankruptcy in Semantix’s history, and I’m very happy that we can now deliver high quality to our global clients. “
TransPerfect pleaded in connection with the transaction through CDX Advisors and the law firms Baker Botts and Vinge. Semantix’s majority shareholder, Segulah Fund V, represented through William Blair International and Kanter Advokatthroughrå.
Around Semantix Semantix is the leading language company in the Nordic countries, offering a wide diversity of multilinguals in the fields of translation and interpretation. We have been working in partnership with our consumers for over 50 years to make them shine in all languages. 320 workers and a network of thousands of language specialists worldwide. Semantix operates according to quality and protection criteria qualified according to ISO 9001, 17100, 27001 and 14001. La company is headquartered in Stockholm, with further operations in Sweden, Denmark, Finland, Norway, Spain and Croacia. www. semantix. com
About TransPerfect TransPerfect is the world’s largest provider of language and generation responses for global enterprises. From offices in more than one hundred cities on six continents, TransPerfect offers complete diversity in more than 170 languages to consumers around the world. More than 5,000 global organizations use TransPerfect’s GlobalLink® generation to simplify control of multilingual content. With an unprecedented commitment to quality and service scale in service, TransPerfect is fully certified by ISO 9001 and ISO 17100. TransPerfect is headquartered globally in New York, with regional headquarters in London and Hong Kong. For more information, visit our online page at www. transperfect. com.
About Segulah Segulah, whose project reads as follows: “We invest in the backbone of fashion society,” is a personal equity firm specializing in the acquisition of medium-sized corporations in the Nordic region. We invest in only 3 verticals: B2B facilities, Light manufacturing and IT and generation facilities: spaces where team members have extensive and proven experience Opportunities are directed to markets that benefit from macroeconomic trends that the team has known as applicable to the northern region, adding investments in smart urbanization and infrastructure renovation , further modernization and automation of industries, and a step forward in production and service delivery. Efficiency through digitization. Our business style is based on active ownership where we load capital, business skills and strategic direction. Segulah Advisor AB is the exclusive investment advisor to the Segulah IV, Segulah V and Segulah VI funds.
Contact: Ryan Simper 1212. 689. 5555mediainquiry@transperfect. com