30 Jun 10
Semantix, the leading language and communication service company in the Nordic region, is acquiring Tamarind, an outstanding and highly respected provider of translation services in Sweden. Through this acquisition Semantix is further solidifying its leading position in the translation market in Sweden.
Tamarind was founded 21 years ago and has grown to become one of Sweden's leading translation agencies in its niche with clients in both the public sector and among Swedish and global companies, that need high-quality translation services.
“Tamarind has a strong position within translation in Sweden and just like Semantix, the company has focused on the customer and the quality of the customer offer. The market for translation services is in a strong growth phase, due to factors such as globalization and increased demand from both public agencies and private companies for professional information and communication. We are therefore pleased to acquire Tamarind, which further strengthens our market-leading position. The exchange of expertise, networks, and customer relationships between Semantix and Tamarind creates excellent prospects for continued organic growth for Semantix and the translation business area”, says Anders Uddfors, CEO of Semantix.
For additional information, please contact:
Anders Uddfors
Semantix, CEO
Telephone: +46 (0) 703-77 48 04
E-mail: anders.uddfors@semantix.se
Lars Verneholt
Litorina, Partner
Telephone: +46 (0) 733-86 92 07
E-mail: lars.verneholt@litorina.se
Semantix is the Nordic region’s leading provider of professional language and communications services. Semantix offers interpretation, translation, language training, and writing services. With sales of over SEK 300 million, the group has about 170 employees and over 6,500 language vendors all over the world. The company’s Swedish offices are located in Stockholm, Gothenburg, Malmö, Norrköping, Uppsala, and Umeå. In Finland Semantix has offices in Helsinki and Oulu. The Norwegian offices are located in Stavanger, Trondheim, and Hamar. 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. Read more at www.semantix.se.
Litorina, founded in 1998, is a private equity firm that focuses on acquiring and industrially developing small to medium-sized companies in the Nordic region with their leading executives. Litorina offers broad and deep expertise via its own organization as well as through its network of industrial advisors. Litorina Capital Advisors AB acts as an investment advisor to Litorina’s third fund, Litorina Kapital III LP, which is currently in an active investment phase. Litorina is backed by a number of venerable and reputable Swedish and international institutions who have together invested approximately SEK 2.3 billion in Litorina’s three funds. Read more at www.litorina.se.