Legal solutions provider Trustpoint.One has acquired private UK translation company Balthasar Ltd. The deal closed at the end of 2023.
According to Trustpoint.One President Peter Smith, the company was introduced to Balthasar about six months ago, and “it became clear quickly that [an acquisition] would be beneficial for both parties.” He declined to share financial details related to the deal.
Trustpoint.One was founded in 2008 and is headquartered in Atlanta, with 10 offices across the United States, including locations in New York, Washington, DC, and Las Vegas. Its law-related services include eDiscovery, court reporting, and legal staffing.
Its Translate.One division grew out of Echo International, a Pittsburgh-based language services provider (LSP) founded in 1984. Today, Translate.One focuses on language services and related technology for customers in a range of sectors including software, manufacturing, and life sciences.
Balthasar, by contrast, specializes in the industrial market space, specifically the HVAC and Renewables sectors.
The company was established in 2000 and since 2016 has been headed by Managing Director Heike Held, who will stay on and run the business. Balthasar’s 11-person in-house team includes several linguists, project managers, and professionals responsible for editing and proofing texts.
“Balthasar have an office in [the] UK and have a strong presence in the DACH region [Germany, Austria, and Switzerland] and both of those are areas that Translate.one is keen to develop,” Smith told Slator.
In particular, Translate.One intends to begin offering Balthasar’s proprietary Quick Trace technology, an advanced TMS with integration capabilities for many repositories, to existing clients.
Smith named Spanish, German, French, Japanese, and Chinese as some of the most in-demand languages Translate.One sees today.
While clients also demonstrate greater awareness of machine translation and AI, he has also noticed “a growing requirement for quality and demonstration of quality process.”
As for Balthasar’s verticals, Smith said that market reports for the industry show “promising” maintained growth in the coming years.
“This year there continues to be a strong emphasis on energy-efficient HVAC systems and sustainable practices in these industries, driven in part by the regulatory landscape as well as various incentive programmes in different countries,” he added.