Semantix has acquired the leading Danish translation agency, TextMinded, which employs some 80 employees in Denmark, Sweden, and several other countries. The deal cements Semantix position as one of Europe’s largest businesses in the language industry.
After the acquisition, Semantix will employ approximately 450 persons and operate with a turnover of some EUR 100 million. Semantix is majority owned by the private equity fund Segulah V L.P.
“The translation industry is witnessing rapid advances in the implementation of new technology with a corresponding need for significant investments, a trend reflected by the process of consolidation currently underway in the industry. TextMinded is known as one of Europe’s most technically advanced translation companies, and will play a central role in our drive to become a leading player in Europe,” says Semantix CEO, Anders Uddfors.
TextMinded has been sold by its six owners comprising the Executive Management team of Britta Aagaard and Robert Etches, and four other key employees at the company, all of whom will be staying on as part of the new organisation. Britta Aagaard will have responsibility for Semantix Denmark and the current subsidiaries of TextMinded, and Robert Etches will become Head of Innovation at Semantix.
“Robert and I are really excited about the new organisation,” explains Britta Aagaard. “The size, strength and dynamics at Semantix will empower us to realise our ambitions of making a real difference and taking on a leading role in the European and global language industry.”
For further information Anders Uddfors, CEO Semantix, +46 (0)70-377 48 04, firstname.lastname@example.org
Britta Aagaard, founder and CEO, TextMinded, +45 78 799 799, email@example.com
Robert Etches, founder and CIO, TextMinded, +45 78 799 746, firstname.lastname@example.org
Semantix is the largest Nordic supplier of translation and interpretation services, and can call upon almost 50 years of experience in the language industry. Its client base includes many within the public sector, as well as both large and small enterprises within a variety of private business verticals. Semantix has a turnover of approximately EUR 83 million, and operates in accordance with ISO 9001:2008. The group runs 9 offices in Sweden, Finland and Norway. Semantix has some full-time 350 employees and manages a comprehensive network of language specialists totalling more than 3,000. Group headquarters are located in Stockholm, where most of the translation organisation is also placed. Semantix is majority owned by the private equity fund Segulah V L.P.
TextMindedis one of Denmark’s largest translation agencies, with a budgeted turnover of approximately EUR 17 million in 2017. Founded in Denmark in 1988, TextMinded employs more than 80 people in five different countries, backed by hundreds of language experts and communication specialists around the globe. TextMinded’s diverse client portfolio includes supranational institutions, major global corporations, public sector institutions, small and medium-sized enterprises, and innovation start-ups. With almost 30 years in the business, TextMinded combines many years of experience with an ability to operate as a pathfinder in the field of technological developments in the industry. Certified according to ISO 9001:2015 and ISO 17100:2015.