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AAC Global Acquires Translation Services Company Noodi

AAC Global Oy


Friday, 23 March, 2007

Finland -- AAC Global Oy, Finland's leading multilingual communications service company and a SanomaWSOY Group company has acquired Translation Services Noodi Oy. Noodi's net sales in 2006 were EUR 5.9 million and the company employs 44 people, all of whom will continue on as established employees.

Noodi is a Finnish technical communications service company providing translations, localization, documentation and corporate communications. Noodi's customer base includes several world leading IT and mobile communications firms as well as local public and EU organizations. The selling parties include Noodi's Managing Director and majority owner, Outi Niemensivu, as well as 15 key personnel with minority holdings, all of whom will continue in the company's employ.

The agreement implies that AAC Global will transfer all translation and localisation related businesses in Finland to the acquired company, which will operate under the name of AAC Noodi Oy. Outi Niemensivu has been appointed as the Managing Director of this company, as well as a member of AAC Global's General Management Team. Niemensivu will report to AAC Global's Managing Director, Janne Nevasuo.

"AAC Global has experienced exceptional growth during the last years. The comprehensive service we offer in the field of multilingual communication has clearly fulfilled our customers' needs. The Noodi acquisition will provide us with additional competence in handling large and demanding translation and localization projects. Noodi's international partner network will also contribute to improving our service offering," says Janne Nevasuo, AAC Global Managing Director.

"Noodi's long-term commitment to excellence has earned it a position as one of the leading translation agencies in Finland. We felt that now was the right time to take the next step and combine forces with AAC Global. AAC Global's extensive service offering and strong ownership will give us extraordinary possibilities to serve our customers in the best possible way in the field of multilingual communications," comments Outi Niemensivu, Noodi Managing Director.

For further information, please contact:
Mr. Janne Nevasuo, Managing Director, AAC Global, tel. +358 400 303 776
Mr. Tuomo Räsä nen, Senior Vice President, WSOYpro, tel. +358 9 6168 3546, +358 40 718 284
Ms. Outi Niemensivu, Managing Director, Translation Services Noodi, tel. + 358 50 321 7033.

AAC Global Oy is a multilingual communication service company offering language training, cross-cultural and communications coaching, translation services, business and industry-specific term bank solutions as well as a range of blended-learning digital solutions.

AAC Global is part of WSOYpro, a business unit of the SanomaWSOY Education and Books division of the SanomaWSOY Group. WSOYpro offers a diversified range of content, competence and communications solutions to enterprises, communities and professionals. These solutions comprise i.e., books, training, coaching and digital solutions. SanomaWSOY is the leading media group in the Nordic region operating in versatile fields of media in over 20 European countries.

www.aacglobal.com , www.noodi.fi

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