Segulah Fund V has divested Semantix International Group AB (“Semantix”) to TransPerfect Global, Inc., the world’s largest provider of language and technology solutions for global business.
Semantix is today the leading provider of language services and solutions in the Nordic region. Segulah acquired the business in 2015 and has over the course of the ownership period supported the transformation from a local interpreting services provider to market leader for multilingual solutions across the Nordics.
The transition has been led by Segulah through a strategic repositioning of the business, combined with a targeted M&A strategy to consolidate the Nordic markets. Through these initiatives Semantix has grown language solutions revenue and EBITDA by 3x and 10x respectively during the ownership period.
Semantix CEO Patrik Attemark commented, “Semantix has undergone a significant strategic transformation over the past four years and merging with TransPerfect is a true testament to the successful execution of our strategy. While Semantix is the market leader in the Nordics, we feel that access to TransPerfect’s global presence, expanded resources and technology offerings, will allow us to better service our clients on a global scale.
“Semantix, a B2B services business active in a market driven by digitalisation, has represented a perfect fit with Segulah’s investment strategy. Through contributing capital to execute add-ons, attracting new top talent and active management Segulah has led the transformation of the business that has resulted in a successful exit for the Segulah Fund V.”, says Oskar Oxenstierna, Director at Segulah Advisor AB.
For further information, please visit www.segulah.com or contact:
Oskar Oxenstierna, Director, Segulah Advisor AB, +46 73 909 09 47, oxenstierna@segulah.se
Patrik Attemark, CEO, Semantix, +46 70 166 56 01, patrik.attemark@semantix.com
