Private equity firm AUCTUS Capital backs merger of Ü-Werk, WOK, and Enssner into holding company T-Works. Group employs nearly 200 full-time staff and plans further selective acquisitions.
Hidden deep in the German version of the laws of the beautiful game was a mistranslation which could have caused confusion as FIFA introduced the Virtual Assistant Referee for the first time in a World Cup.
Germany’s Transline Gruppe swaps majority owners as former backer LEAD Equities exits via sale to investment firm Blue Cap. Transline founder retains significant minority.
Germany’s Federal Fiscal Court rules that translators only get to enjoy the tax breaks simplified accounting, and other admin perks that come with qualifying as a freelance business if they do all the translation themselves. A two-person agency that outsourced work was hit with back taxes.
Belgium-based Xplanation gets second German hub with acquisition of Munich-based LSP Matrix. CEO Steven Van Lint pegs consolidated revenue at EUR 25m; says Matrix founders will stay on board as COO and CTO of combined organization.
Germany’s t’works Group acquires Paris-based language service provider Lexcelera. Group revenues forecast to grow 26% in 2021 to USD 23m.
Update to Germany’s Judicial Remuneration and Compensation Act sees rates rise for translators and interpreters. Industry association BDÜ criticizes changes as inadequate.
The State of the Language Services Industry in Germany 2020 will be unveiled at the networking event hosted by Qualitätssprachendienste Deutschlands association
After German committee rejects new ISO standard for legal translation, experts speak up on why they think the industry needs ISO 20771.
DACH-region language service provider Apostroph Group acquires boutique rival USG Übersetzungs-Service AG in Switzerland in early 2020 deal.
Germany-based language service provider lengoo secures EUR 6.0m in Series A funding, targets scale with NMT and post-editing for mature enterprise customers.
Interview with new DeepL CEO Jaroslaw Kutylowski about Europe focus, customer service, and the role of professional translators as machine translation improves.
The three success factors for Language Service Providers processing growing volumes of digital text in smaller batches and with shorter turnaround times.
Germany-headquartered LSP Transline Gruppe buys Italy-based Interlanguage and local rival Medax, gains medical, video and marketing translation expertise.
Increase in patent applications drives translation demand. Over a quarter million patent applications filed with WIPO in 2018; Asia and the US top the list.
Germany’s Federal Ministry of Justice and Consumer Protection (BMJV) in February 2019 published the results of a survey that revealed rates charged by the country’s translators, interpreters, and language service providers (LSPs).
Germany remains one of the most fragmented language services markets in the world. Here is a list of the country’s 500 language service providers that sheds some light on who competes in this attractive market.
Feature on freelance translator in German weekly newspaper’s series on where university graduates should start a career in triggers fierce debate on rates, payment terms, and translation speed.
Ricarda Essrich, named First Chair of North Rhine-Westphalia Chapter of Germany's BDÜ, speaks on the fast changing freelance environment, alarming price developments, and emerging opportunities through technology.
Germany’s Federal Association of Interpreters and Translators (BDÜ) publishes the 5th edition of its rate survey; median price per word for translators approx. EUR 0.15, daily rates for conference interpreters around EUR 730.
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