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RWS Closes Acquisition of Czech IP Support Services Provider Moravia IT
Monday 13 November 2017

13 November 2017 - UK-based patent translations provider RWS Holdings plc has closed the acquisition of Czech Republic-based intellectual property support services provider Moravia IT Group companies to create a language services company, the firm said.

This deal was announced in October. Terms of the transaction were not disclosed.

Previously, the majority interest in Moravia was owned by New York, US-based private equity firm Clarion Capital Partners, LLC since its acquisition of the company in February 2015.

Moravia will operate as an autonomous division of RWS, continuing to focus on providing specialised globalisation services, digital marketing and technology outsourcing services to the world's blue-chip, high-growth companies.

Moravia's Life Sciences language services unit will complement RWS Life Sciences division, which consolidates RWS's recent acquisitions of LUZ, Inc. and Corporate Translations, Inc. to provide a unique breadth and scale of services on the life science translation services market.

The company is a globalisation solution provider, enabling companies in the information technology, e-learning, and life sciences industries to enter global markets with multilingual products.

Moravia has its North American headquarters in California, with local offices and production centres in Japan, China, Latin America, Ireland, USA and throughout Europe. Moravia has surpassed USD 150m in revenues based on organic growth and has increased revenues by a CAGR of 26.0% from USD 100.3m in 2014 to USD 159.2m in 2016.

RWS provides intellectual property support services and life sciences translations and linguistic validation and is a specialist language service provider in other technical areas, providing for the diverse needs of a blue-chip multinational client base from Europe, North America and Asia.

RWS has offices in the UK, Europe, US, China, Japan and Australia.
Details
Date Published: 13/11/2017
Target: Moravia IT Group
Country: Czech Republic
Sector: IT/Online Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: RWS Holdings plc
Comment:
Terms of the deal were not disclosed

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