RWS Holdings PLC Acquisition of Alpha Translations Canada Inc. (3095N)
January 17 2019 - 1:00AM
UK Regulatory
TIDMRWS
RNS Number : 3095N
RWS Holdings PLC
17 January 2019
For immediate release
17 January 2019
RWS Holdings plc
Acquisition of Alpha Translations Canada Inc.
RWS Holdings plc ("RWS", "the Group"), a world-leading provider
of intellectual property support services, localization and life
sciences and commercial language services, today announces the
acquisition of Alpha Translations Canada Inc. ("Alpha
Translations"), a leader in expert legal and financial
translations, for a cash consideration of US$6.0m ("the
Acquisition").
Based in Alberta, Canada, Alpha Translations provides rapid
delivery of high-quality legal and financial translations to
multinational law firms and corporations, with a client base
principally located in Germany. The company supports clients by
helping them to achieve their international business goals and
prides itself on its ability to deliver across multiple
jurisdictions, typically to short deadlines, on business-critical
matters. Clients include many of the world's top 100 law firms and
Fortune 500 companies.
The acquisition will be highly complementary to RWS's existing
Language Solutions business and will strengthen its specialist
legal and financial translation offering. In particular, the
acquisition will enhance RWS Language Solutions presence in its key
growth areas of North America and Germany, significantly enhancing
its legal client base.
Alpha Translations achieved revenues of US$4.4m for the year
ended 31 July 2018 and an adjusted EBITDA(1) of US$0.9m.
Andrew Brode, Chairman of RWS, commented:
"The acquisition of Alpha Translations is a natural fit to
strengthen our existing specialist legal and financial translation
services, while providing a strong roster of clients in Germany, a
key area of focus for our Language Solutions business.
"We see a number of opportunities for Alpha Translations to
benefit from RWS's scale and global presence, particularly the
prospect of developing sales opportunities across the Group's full
suite of services and technology platforms to new and existing
clients."
(1) EBITDA - profit before tax adjusted for interest,
depreciation, amortization and other non-recurring costs.
For further information, contact:
RWS Holdings plc
Andrew Brode, Chairman
01753 480200
Richard Thompson, Chief Executive Officer
MHP
Katie Hunt / Simon Hockridge 0203 128 8100
Numis
Stuart Skinner / Kevin Cruickshank (Nominated Adviser) 0207 260
1000
Michael Burke (Corporate Broker)
About RWS
RWS is the world's leading provider of intellectual property
support services (patent translations, international patent filing
solutions and searches), a market leader in life sciences
translations and linguistic validation, a leading localization
provider, and a high-level specialist language service provider in
other technical areas, providing for the diverse needs of a
blue-chip multinational client base spanning Europe, North America
and Asia.
RWS is based in the UK, with offices in Europe, the United
States, Canada, China, Japan, Australia and Argentina, and is
listed on AIM, the London Stock Exchange regulated market
(RWS.L).
For further information, please visit: www.rws.com.
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END
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