Date: 13th August 2009
Zurich, CLS Communication AG ("CLS") has acquired Scandinavian Translators A/S in Copenhagen with retroactive effect to 1 July 2009. This acquisition is a further step in the realisation of CLS's international growth strategy.
Scandinavian Translators was established in 1977 and is managed by four founding partners. The company is a very profitable provider of quality translations, active in a broad range of sectors with a loyal client base. This move will strengthen CLS's position in the Danish market and provide the company with a good platform for further expansion in the Nordic region. With its similar business model and complementary client base Scandinavian Translators is an ideal match for CLS. The acquisition also brings additional advantages in the areas of client service, market presence and extended service offering. The partners of Scandinavian Translators have expressed the desire to retire from the company after an initial transition period, while the employees will be integrated into CLS. CLS has many years of experience in the integration of language services departments, including a successful integration project in the Danish market.
Scandinavian Translators partner, Kirsten Carsten Nielsen, commented: "This transaction is the best solution for our company and our clients. We have found a strong partner in CLS and one with the same philosophy as our own."
Steen Magnussen, Country Manager of CLS Communication A/S in Denmark: "For me Scandinavian Translators A/S is an excellent addition to the Group and complements our business in Denmark very well."
Doris Albisser, CEO of CLS: "Scandinavian Translators A/S is a very good fit with CLS. This acquisition is a further step in the realisation of our international growth strategy and the development of our activities in the Scandinavian market."
About CLS Communication AG
CLS Communication AG ( www.cls-communication.com) is an international provider of multilingual communication and technology services, with a primary focus on the fields of finance, insurance, telecommunications, life science and legal. Headquartered in Switzerland, the company specialises in the production, translation and management of multilingual documentation. Its client base includes over 1000 well-known global companies, CLS employs over 350 in-house language specialists in Europe, USA and Asia and has a network of some 1600 free-lance linguists throughout the world.
About Scandinavian Translators A/S
Scandinavian Translators A/S ( www.scandinaviantranslators.com), founded in 1977, is one of Denmark’s biggest and most reputable translation and interpreting companies. The firm is a full-service provider of first-class business-to-business solutions in translation, interpretation and other language services across all national borders. The company is committed to turning linguistic differences into competitive advantages and financial gain for its clients. It serves clients mainly in the financial, pharmaceutical, legal, transportation, research and labour markets. Scandinavian Translators employs the latest language technologies and also uses these to integrate its language services into clients’ systems.
For further information, please contact:
CLS Communication AG
Doris Albisser, CEO
Tel. + 41 44 206 68 50
CLS Communication A/S
Tel. + 45 33 48 22 50