In its latest deal, Straker Translations could pay up to USD 2.1m for Spain-based boutique language service provider, On Global Language Marketing, to expand its presence in Europe.
Less red ink at New Zealand’s Straker Translations as annual revenues rise to USD 16.1m on the back of M&A-driven and organic growth.
Slator tracked over 70 language industry M&A transactions and reviewed the next steps founders took after selling their business.
After October IPO in Australia Straker Translations posts half-year results. Six months pro-forma revenues grew to USD 9.1m and adjusted EBITDA shows a slight profit. Company says their freelance English to French freelancers average 1,000 words per hour and earn USD 28 per hour.
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