Technicis acquires AAC Global
The Technicis Group, the professional translation specialist, pursues its external growth strategy by expanding into Northern Europe with the acquisition of AAC Global.
Boulogne-Billancourt, 24 October 2018 - The Technicis Group – the number one professional translation agency in Europe – is announcing a new acquisition today, which will reinforce the Group’s presence in the Scandinavian region. This acquisition, the fourth in 2018, reflects Technicis’ pursuit of their 2012 development strategy, with the goal of becoming one of the top five translation agencies worldwide by 2020.
AAC Global - a leader in the Nordic market
AAC Global helps businesses succeed by providing translation and localization services for all types of content, tailored face-to-face and digital training solutions for any learning need, and marketing content production for every channel. AAC’s customer focus combined with its growth strategy resulted in revenue growth of nearly €2 million (+14%) to €15,9 million in 2017. AAC Global has 130 employees and over 1,200 customer accounts globally. AAC is one of the leading Nordic providers, with local offices in Finland, Sweden and Denmark.
Benjamin du Fraysseix, CEO of the Technicis Group, comments: “We have been observing an increase in requests from our clients for expertise in Nordic languages for quite some time now. It is a logical step for us to continue our recent strategic acquisitions with the addition of one of the leaders in the Scandinavian market. The arrival of AAC Global will bring three key elements to the group: a prominent presence in the network of Scandinavian translators, a strong position in three markets (Finland, Sweden, and Denmark), and a new area of expertise for the group in learning services. This is a turning point for the Group, making it a solid global player with abundant local offices and wide-scale positioning to meet the needs of our international clients.”
“Becoming part of the Technicis Group is a positive development for AAC Global,” says AAC Global’s CEO Petri Lehmus. “We will continue to serve our customers with the same range of services, but with a wider scope of expertise and international resources supporting us. We are excited to embark on the journey, as part of the Technicis Group, to become one of the largest language service providers globally.”
The Technicis Group makes four acquisitions in 2018 as part of its international expansion strategy
AAC Global is Technicis’ eighth acquisition since 2012, the year the Group launched its strategy for external growth. V.O. Paris joined the Group first, followed by Cogen (2015), Translation Probst (2016), Arancho Doc (2017) and, more recently, TextMaster the specialist in cloud-based professional translation solutions, as well as HL TRAD and Telelingua (2018) to strengthen the Group’s financial, legal and medical translation divisions.
The Technicis Group currently has over 820 employees all over the world as well as a solid international presence, with offices throughout Europe (France, Belgium, Italy, Switzerland, Spain, Finland, Sweden, Denmark, Germany, the UK and the Czech Republic), North America (Canada and the United States) and Asia (China). The Group has a 2018 turnover target of over €120 million and has established itself amongst the leading international agencies in the professional translation industry.
About the Technicis Group
With its strong external growth strategy, the Technicis Group is one of the most dynamic players in its sector. One of the top ten translation agencies in the world, Technicis boasts an expected 2018 turnover of over €120 million. The Group’s 820 employees are spread across 14 countries throughout Europe (France, Belgium, Italy, Switzerland, Spain, Finland, Sweden, Denmark, Germany, the UK and the Czech Republic), North America (Canada and the United States) and Asia (China). With more than 6,000 clients, Technicis Group collaborates with most CAC 40 companies as well as major corporations in Europe and the United States.
Victoria Weidemann - vweidemann(@)technicis.fr
Ludivine Thomas - lthomas(@)technicis.fr