Naxicap's Technicis Group bolts on AAC Global

Francesca Veronesi
25 October 2018

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Naxicapтbacked professional translation specialist Technicis Group has acquired Finland-based translation service AAC Global.

The AAC Global acquisition will reinforce Technicis Group's market presence in Sweden, Finland and Denmark.

AAC is Technicis's eighth acquisition since 2012, the year the group launched its external growth strategy. VO Paris was the first bolt-on, followed by Cogen (2015), Translation Probst (2016), Arancho Doc (2017) and, more recently, TextMaster, which specialises in professional cloud-based translation (2018), as well as HL Trad.

Naxicap acquired a majority stake in Technicis in 2016, investing alongside management.

Founded in 1996, Technicis provides translation and interpretation services. Headquartered in Paris, it currently employs 820 people located in 14 countries throughout Europe, including Belgium, the Czech Republic, Denmark, England, Finland, France, Germany, Italy, Spain, Sweden and Switzerland, as well as Canada, the US and China. The group is targeting sales of €120m in 2018.

Company
With headquarters in Helsinki, AAC provides a range of services, including translation and localisation, customised training and marketing content. The business generated a 14% growth in 2017, achieving a €15.9m in turnover. With 130 employees working in three offices based in Finland, Sweden and Denmark, AAC claims to serve 1,200 customers worldwide.

People
Technicis Group – Benjamin du Fraysseix (CEO); Guillaume Patry (chief operating officer).
AAC Global – Petri Lehmus (CEO).
Naxicap Partners – Laurent Sallé (investment director); Clémence Rousselet (associate).

Advisers
Equity – JSquare Conseil, Amélie du Chalard, Jennifer Johns (M&A); Grant Thornton, Jonni Leporanta (corporate finance);
Villechenon, Gaspard Le Pomellec, Gilles Roux, Tristan Segonds (legal).