Semantix acquires one of Norway's leading companies in language services
Semantix has acquired the translation company INK Norge A/S. This is the second acquisition in Norway this year and strengthens Semantix’ successful position in interpreting and translation services. INK Norge is one of the largest suppliers of translation services in Norway and also offers writing and language consultancy services.
“The company provides first class quality and serves a number of large and international customers. We look forward to offering these services to all our customers. With the acquisition of INK Norge, we will double our sales and further strengthen our position in the Norwegian market,” says Trond Høivik, managing director of Semantix.
INK Norge, which is located in Oslo, was founded in 1987 and has annual sales of approximately NOK 20 million and good profitability. After this acquisition, Semantix will have offices in Oslo, Trondheim, Stavanger and Hamar. Altogether these offices have 25 employees, who coordinate assignments for a network of more than 6,500 interpreters and translators in Norway and around the world.
“We look forward to becoming part of the largest language group in the Nordic countries. It will be exciting to join Semantix on its journey of expansion,” says Aleksander Særvoll, founder and managing director of INK Norge.
Semantix has extensive activities in Sweden, Norway and Finland. The acquisition of INK Norway follows the trend of consolidation of the market for qualified language services, in which Semantix has taken an active and leading role. Semantix has now acquired four companies during the past year: INK Norge, Tolketjenesten.no, Tamarind and AAC Global’s conference interpreting unit. Since 2006, Semantix has more than doubled its sales, through both acquisitions and strong organic growth.
“The market for language services is rapidly growing. Among other things, this is due to globalization and higher demand from both government agencies and businesses for increasingly professional communications and information management. We plan to continue our aggressive rate of growth, both organically and via acquisitions,” says CEO Anders Uddfors.
Semantix in brief:
Semantix is the Nordic countries’ leading supplier of language services. The company currently has six offices in Sweden, three in Norway and two in Finland. Semantix is owned by the private equity company Litorina.
Sales for 2009: approximately NOK 250 million
Employees: approximately 190
Network of interpreters and translators: approximately 6,500
Growth 2006-2009: from approximately NOK 100 million to approximately NOK 250 million
Acquisitions during the past three years: Ink Sverige (2007), Lingua Nordica (2007), Interpreto (2007), Management Språkutbildning (2008), Tolketjenesten.no (2009), AAC Global’s conference interpreting unit (2010), Tamarind (2010), Ink Norge (2010)
Trond Høivik, Managing Director, Semantix, +47 95230068 [email protected]
Aleksander Særvoll, Managing Director, INK Norge, +47 95742086, [email protected]
Anders Uddfors, CEO, Semantix, +46 703 774804, [email protected]
Lars Verneholt, Partner, Litorina, +46 733 869207, [email protected]