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London-listed Super Agency, RWS, announces leadership change. Julie Southern, Chairperson Designate, scheduled to take over from longtime Chairman Andrew Brode in late 2023.
Baring Private Equity Asia and RWS have confirmed that Baring does not intend to make a bid for UK-based RWS.
UK-based RWS confirms that Baring Private Equity Asia is considering a takeover bid. No formal approach has been made to the RWS board just yet.
RWS releases expectations for full-year 2022 after five months of trading, as Language Services and Regulated Industries divisions outperform weaker IP Services unit.
RWS releases first-half results as they revive Language Weaver MT brand, switch to SaaS TMS model, continue SDL integration, and prepare to welcome a new CEO in July.
Ahead of FY 2020 results, and closing of SDL deal, RWS projects revenues of GBP 355m; strength in big tech and life sciences compensates for weakness in IP and General Language Translation Businesses.
RWS set to acquire UK rival SDL in 1.1-billion-dollar, all-share deal — which is set to transform the language industry. Deal expected to close in Q4 2020, subject to conditions.
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.
In its first acquisition after the transformative Moravia deal, RWS buys Canadian legal and finance boutique language service provider Alpha Translations for USD 6m.
RWS nearly doubled in size in its financial year 2018 boosted by Moravia and a solid organic performance across its five divisions. Further selective acquisitions in the cards for 2019.
RWS forecasts GBP 305m (USD 400m) in 2018 sales as “markedly improved second half performance at Moravia” drives growth. RWS Moravia announced partnership with translation productivity technology provider Memsource.
Language service provider RWS tells investors at capital markets event about how it is integrating Moravia and informs about the results of a pilot project to deploy MT post-editing in production in its patent translation division.
In the first half of its 2018 financial year, RWS posts revenues of GBP 139.6m and a pre-tax profit of GBP 28.6m. While acquisitions drive revenue growth, the core patent translation business generates the majority of profits. Shares pop 10% following the results.
In first trading update post Moravia acquisition, RWS says revenues jumped by 82% to GBP 139.6m and pre-tax profit was at least GBP 28.3m. While analysts continue to rate the stock a buy, the company lost over USD 250m in market cap in early London trading.
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