New transaction: Acquisition of Semantix

Keystone Advisers acted as adviser to the buyer

Press release 2009.12.21

Together with the company management, Litorina has acquired 100 per cent of the shares in language and communications company Semantix from the investment fund Accent Equity 2003. Semantix is the Nordic region’s leading provider of professional language and communications services. Semantix offers interpretation, translation, training and writing services. The Group’s turnover is just over SEK 300 million and it has around 150 employees. Semantix’s network encompasses over 6,500 language providers spread all over the world. Translation and interpreting are offered to and from all established languages. The company’s Swedish offices are located in Stockholm, Göteborg, Malmö, Norrköping, Uppsala, and Umeå. In Finland, Semantix has offices in Helsingborg, Uleåborg, and Nyslott. Its Norwegian offices are located in Oslo, Stavanger, Trondheim, and Hamar.

What is now Semantix was founded in 1969. During the 1980s, the language industry began to consolidate through the merger of small translation and interpreting bureaus. The Semantix of today includes the experience and expertise of several well-known smaller brands, all of which have brought their specialist expertise into Semantix, in areas such as the law, medicine and technology. The market for language and communications services is anticipated to grow strongly during the next few years as a consequence of globalization, the eastern expansion of the EU, and continued immigration.