Milan, Italy, 6 April 2021 – Yellow Hub and TDR Translation Company, leading LSPs in Italy, have merged redefining the landscape of the language services industry in Italy. The new company, Yellow Hub TDR, now ranks among the top 15 translation companies in the country. Giuliana Masolo, President at Yellow Hub TDR, told Slator that the deal closed on March 23, 2021.
The merger will bring 2021 revenues of the combined company to over EUR 4m and a total of 25 full-time staff members. Giuliana said, “We’ve merged two leading LSPs and successfully created a new major player in the Italian language services market, which is very fragmented. Right now, our growth strategy moving forward prioritizes investments in technology and innovation. We know that’s the only way to attract top talent and offer the kind of solutions our clients are looking for.”
The completion of the post-merger integration, however, will carry on in the following months, which is when Yellow Hub TDR expects to have successfully rebranded and updated all digital touchpoints with its new visual identity.
Advising both firms was Roberto Ganzerli, M&A Advisor and Managing Director at LSP Growth.
The Perfect Fit for Both Firms
Apart from sharing the same values and business philosophy, both companies are very complementary with no overlap in terms of clients. Yellow Hub’s client base is made up mostly of manufacturing, communication, legal and financial firms, while TDR counts a mix of life sciences, patent, and fashion & luxury companies in its client portfolio.
Aside from the wider footprint, another motivation behind the merger was to strengthen their service offering which now covers areas like multilingual SEO, audiovisual translation, and corporate language training — a dedicated business unit to support companies with training programs around language courses.
Asked about their translation environment, Tiziana De Rosa – former Owner of TDR Translation Company – said: “We want to prioritize automated workflows as much as possible, that’s why we’ve chosen to work using a combination of Memsource and XTRF”. The company also plans to broaden the use of MT all across its production cycle and allocate further resources to innovation and technology.
As for the impact of Covid-19 on the Italian market, Tiziana stated, “Both companies have quickly adapted to the new market conditions, achieving positive growth rates and higher revenues in 2020 compared to 2019.”
Moving forward Yellow Hub TDR plans to consolidate its market position in Italy and expand to neighboring countries. “Our vast experience with clients in the patent, life sciences, advertising, manufacturing, legal and financial sectors, make us a perfect partner for enterprises in Western Europe and the DACH region,” concluded Giuliana.
About Yellow Hub
Founded by Guliana Masolo in 1982, Yellow Hub provides translation, interpreting services, and corporate language training (www.yellowhub.it).
About TDR Translation Company
TDR Translation Company is a language service provider based in Milan, established in 1995 by Tiziana De Rosa (www.tdrtraduzioni.com).