TransPerfect, the world’s largest provider of language, data, and technology solutions for global business, has acquired Sweden-based language service provider (LSP), Semantix — the largest M&A transaction in the company’s history.
On 30 July 2021 TransPerfect will merge operations with Semantix, the Nordic’s largest provider of translation and interpreting services. Semantix will continue to operate as a division within the TransPerfect family of companies and will continue to be led by its current management team. Financial terms are not being disclosed.
Semantix CEO Patrik Attemark commented, “After seeing TransPerfect’s track record from afar, it was refreshing to learn during diligence that our management teams were already so like-minded in their approach to the business. Merging with TransPerfect is a testament to the successful execution of the transformation of Semantix into a leading language technology company for multilingual services. While Semantix is the market leader in the Nordics, we feel that access to TransPerfect’s global presence, expansive resources, and market-leading technology offerings will allow us to better service our clients on a global scale.”
TransPerfect President and CEO Phil Shawe stated, “We have competed against Semantix in the Nordics for more than 15 years and have admired their leadership position and strong reputation. It is exciting to have them as part of our rapidly growing global team and to work together to achieve great things for our customers. We welcome everyone at Semantix to the TransPerfect family, which will be a homecoming for some staff members who have worked with TransPerfect in the past.”
The combined company will boast the translation industry’s largest global footprint and most diverse customer base. In keeping with TransPerfect’s M&A strategy, the TransPerfect-Semantix combination will focus on growing the combined businesses and better serving customers. The combined headcount of both entities will exceed 7,500 professionals worldwide.