TransPerfect Acquires Apostroph Group in Strategic DACH Expansion
Deal News | Feb 12, 2025 | Globenewswire
TransPerfect, the world's largest provider of language and AI solutions, has acquired Apostroph Group, a prominent language service provider (LSP) in the DACH region. Apostroph, established in 1994 and headquartered in Lucerne, has expanded its market share through organic growth and mergers, including a notable merger with Germany-based Wieners+Wieners in 2017. Upon acquisition, Apostroph is to function as a division within TransPerfect, continuing under the leadership of CEO Philipp Meier. This strategic acquisition enhances TransPerfect's presence in the DACH area and aligns with their ongoing strategy of growth through resource and expertise sharing. Both companies received advisory services from prominent legal and financial firms during the transaction, the details of which remain undisclosed.
Sectors
- Language Services
- AI Solutions
- Corporate Finance
Geography
- DACH Region – The acquisition primarily involves companies operating within the DACH region, comprising Germany, Austria, and Switzerland.
- United States – TransPerfect is headquartered in New York, indicating a significant U.S. presence in the strategic expansion.
Industry
- Language Services – The acquisition involves companies specializing in language solutions and translation services, which is a key aspect of the language services industry.
- AI Solutions – TransPerfect is noted for providing AI solutions in addition to language services, indicating relevance to the AI solutions sector.
- Corporate Finance – The presence of multiple advisors during the acquisition process highlights the role of corporate finance in facilitating the transaction.
Financials
- Not Disclosed – The financial terms of the acquisition have not been publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TransPerfect | Acquiring Company | Company | World's largest provider of language and AI solutions for global business, headquartered in New York. |
| Apostroph Group | Target Company | Company | Leading language service provider in the DACH region, headquartered in Lucerne, Switzerland. |
| Philipp Meier | CEO of Apostroph Group | Person | CEO of Apostroph Group since 2010, continues to lead post-acquisition. |
| Phil Shawe | President and Co-CEO of TransPerfect | Person | President and Co-CEO of TransPerfect, announced the acquisition. |
| CDX Advisors | Financial Advisor to TransPerfect | Company | Advised TransPerfect on the acquisition. |
| Baker Botts | Legal Advisor to TransPerfect | Company | Provided legal advisory services to TransPerfect. |
| Honert | Legal Advisor to TransPerfect | Company | Provided legal advisory services to TransPerfect. |
| KPMG | Corporate Finance and Vendor Assistance to Apostroph | Company | Represented Apostroph Group stakeholders in the transaction. |
| Milbank | Legal Advisor to Apostroph Group | Company | Provided legal advisory services to Apostroph Group. |
| Advestra | Legal Advisor to Apostroph Group | Company | Provided legal advisory services to Apostroph Group. |
| Baker McKenzie | Legal Advisor to Apostroph Group | Company | Provided legal advisory services to Apostroph Group. |