Semantix, a Stockholm, Sweden-based language and communications company, has been acquired by private equity firm Litorina.
Together with the company management, Litorina has acquired 100% of the shares in Semantix from the investment fund Accent Equity 2003.
Semantix is the Nordic region’s leading provider of professional language and communications services. Through 150 employees working in its offices located in Stockholm, Göteborg, Malmö, Norrköping, Uppsala, and Umeå (Sweden) and in Helsingborg, Uleåborg, and Nyslott (Finland), in Oslo, Stavanger, Trondheim, and Hamar (Norway), the company offers interpretation, translation, training and writing services.
Commenting on the transaction, Lars Verneholt, Partner at Litorina, was reported to say: “We see great potential in the language and communications market and in our view Semantix has excellent prospects for continued growth, both organically and by taking a leading role in the current consolidation of the market.
“For some time now, we’ve had the opportunity to take part of management’s plans for continued expansion of Semantix, and we fully support these plans, which means that we will be allocating resources to support management in Semantix’s operational and strategic development”, he added.
On this point, Anna-Lena Rasch, Manager for Sweden at Semantix, said: “Our market is growing in a stable way and our expansion has only just begun.
“We have gone from originally being an entrepreneur-controlled group of rather disparate companies to consolidating our operations and beginning to expand under Accent’s ownership.
“Now the next phase is beginning in which we intend to grow further within all our areas of operations, with the Nordic region as our base. It feels great to have an established company-builder and experienced partner such as Litorina at our side in this work”.