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. Continue reading
AAC Global
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. Continue reading
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. Continue reading
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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. Continue reading
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. Continue reading
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. Continue reading
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. Continue reading
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. Continue reading
Stratus hires away from health IT firm CareCloud, while Memsource hires a BDM away from the healthcare industry. Meanwhile, AAC Global names an advertising vet to run finance and vendor management, and TransNation hires its first Director of Business Development. Continue reading
Another language service provider goes to private equity, as Northern Pacific Group emerges as the financier behind the Merrill Translations buyout. The M&A race for mid-sized LSPs is set to heat up. Continue reading
CEO of Nordic language service provider, Anders Uddfors, talks about why he hired from outside the translation industry to fill the Finland Managing Director role; discloses that 2015 group revenues grew 23% to EUR 74m, EBITDA margin at 8%. Continue reading
Finnish language service provider AAC Global gets a new owner as former parent company Sanoma sells the firm to private equity company Korona Invest and a group from AAC management. Continue reading
Scored a big client or landed a major project? Send your deal wins to Slator.com and we’ll consider it for publication. Here is our summary for 2015. Continue reading
Mid-sized language service providers in Europe sign up with third-party translation management platforms to stay competitive in an increasingly sophisticated translation supply chain Continue reading
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