SWEDEN - Accent Equity acquires interpreting and translation group

Tine
15 February 2006

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Accent Equity has acquired 100 % of the shares in a Swedish language group owned by Lantz International.

The group includes several market-leading companies in Sweden within the fields of qualified interpreting and translation services, language analysis and consultancy. The group will change its name to Semantix AB in connection with the change in ownership of the company.

The group has around 80 employees and its network includes over 1,000 translators and around 3,000 interpreters. Translation is provided to and from all established languages. The group has offices in Stockholm, Malmö, Göteborg, Norrköping, Uppsala and Umeå. Last year it recorded turnover of SEK 160m.

The market for interpreting and translation services is expected to see substantial growth in the years ahead as a result of factors such as globalisation, the eastward expansion of the EU and increased immigration.

'The Semantix group is a qualified service company with significant opportunities for further development through both organic growth and acquisitions,' states Roland Nilsson, senior partner at Accent Equity Partners.