Hg sells Trados for $60m

HgCapital invested in Trados in 2000. Since the investment, HgCapital has worked with the business to grow value through strengthening the management team, merging with Uniscape in the US and focusing the business on its key strategic priorities. The sale of the business to SDL is the culmination of a strategy that has seen Trados strengthen its market position and sales rise from $11.3 million in 1999 to $30m in 2005. The sale of Trados will realise $18.8m for clients.

Lisa Stone, director of HgCapital said: “We have worked with the management team at Trados to achieve an enviable market position as the leading global supplier of localisation software based on leading edge technology and a strong blue chip customer base. We are pleased that we are now able to achieve a strong exit for clients.”

Joe Campbell, chief executive of Trados said: “The combination of Trados and SDL is compelling. SDL is one of the world’s leading localisation services provider and will be able to drive the development of Trados more quickly than we can alone. This acquisition will provide benefits for customers and staff as well as providing shareholders with an attractive exit opportunity.”

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