Semantix is the Nordic region’s leading supplier of translation and interpreting services. Its customers include large and small companies and authorities within most industries. The group has twelve offices in Sweden, Finland and Norway with a total of approximately 300 employees.
“Under Litorina’s ownership since December 2009, the company has strengthened its leading Nordic position by developing its service offering, focusing on its customers, investing in systems and reinforcing the organisation, as well as through a number of add-on acquisitions,” says Lars Verneholt, Partner at Litorina Capital Advisors AB, investment advisors to the Litorina Kapital III fund. “Since being acquired by Litorina, Semantix’s turnover has increased from around SEK 300 million to more than SEK 600 million, with a stable profit margin. Today, Semantix represents a strong platform for profitable future growth, and we see good opportunities for the company to continue its positive development under Segulah’s ownership.”
“As our main owner, Litorina has provided excellent support for Semantix’s development over the years,” adds Anders Uddfors, CEO of Semantix. “I now look forward to continuing the company’s long-term development, together with our new main owner Segulah.”
The deal is expected to close in July, and is conditional on Swedish Competition Authority approval.
Access Partners acted as M&A advisor, Vinge as legal advisor and PwC as financial advisor to Litorina in the transaction.