The Slator Language Industry Job Index (LIJI), launched in August 2018 to track how employment activity is trending across the global language industry, dropped slightly in September 2018 to 100.05 from 100.74 the previous month.
AAC Global’s revenues grew by nearly EUR 2m (+14%) to 15.9m for 2017. The pre-tax profit margin came in at 6.9%, meaning the Finnish LSP generated EUR 1.1m in EBITDA in 2017.
Poland-based Summa Linguae spent USD 2m acquiring Kommunicera, an “almost identical” language service provider, to expand into the Nordics. CEO highlights investment in NMT, API integrations and Blockchain.
In its first major transaction since its 2015 private equity investment, Sweden’s Semantix acquires Denmark’s TextMinded. Deal lifts Semantix revenues comfortably above USD 100m, putting more distance between the LSP and its Nordic rivals.
Government procurement agency Hansel defends itself against critics of the way it handled Finland’s EUR 37.5m interpretation contract; denies it changed rules mid-process.
Naxicap exits European language service provider Acolad. Private equity fund Qualium Investissement takes minority stake as Acolad CEO’s family reinvests to become majority owner.
Serial acquirer Acolad buys Livewords in a move to further consolidate the language industry in Western Europe.
Slator’s inaugural comprehensive language industry market report. It examines total market size, the 10 main end-buyer industries, competitive landscape, productivity tech, NMT and much more.
The Slator 2019 Language Service Provider Index features the largest LSPs in a Leaders Index and the midfield in a Challengers Index.
Paris-headquartered Technicis folds 9 of its 12 brands into newly created Acolad Group. After 2018 M&A spree, group’s revenue base now over 2.5 times larger than in 2017.
Download Slator’s 2018 Language Industry M&A and Funding Report — an in-depth summary and analysis of the 48 language industry mergers and acquisitions and ten startup funding rounds Slator covered in 2018.
Through five case studies and nearly 30 commentaries from the buy (enterprise, government, and more)- and sell-side (LSPs), this report shines a light on the sentiment of industry practitioners towards current-state NMT technology.
The Slator Language Industry Job Index (LIJI), launched in August 2018 to track how employment activity is trending across the global language industry, dipped slightly to 100.85 in November 2018 vs 102.69 the previous month.
PE-backed Technicis acquires Finland’s AAC Global, pushes into lucrative Nordic market. Deal marks fourth acquisition in 2018, putting Technicis on track for nearly USD 140 million in 2018 pro-forma revenues.
A new Marketing Manager joins Tokyo-based Oryaa, while GLOBO welcomes a new Director of Business Solutions. Andovar and AAC Global hire a new Business Development Manager and Sales Manager, respectively.
Central procurement agency Hansel leaves Finnish government without language service contracts; source says big government clients may launch own tenders. Affected LSPs take Hansel to court. Hansel described as unprofessional customer.
AAC Global hires a Sales and Marketing expert, Summa Linguae appoints a Sales Manager and a Vendor Manager, LanguageWire hires a Marketing Manager, AdHoc Translations names a Marketing and Communication Manager, Stealth Translations hires a Business Development Manager, and ExperTrans Global appoints a Production Director.
EU awards EUR 63.5m interpretation contract to meet language needs of immigrants from southern border; Finland, EUR 37.5m, for those who make it way up north.
Two Finnish language industry associations merge to step up government lobbying. Initiative comes in wake of EUR 17.5m framework contract, which one association head says was structured very differently from how language services are typically procured.
Finland’s AAC Global consolidates its position in the local market by buying TekMil. The deal marks the first transaction since AAC Global was acquired by private-equity firm Korona Invest.
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