On Tuesday, RWS Holdings, a language-focused technology company, announced the acquisition of South Africa-based language services provider STC Comms Language Specialists Proprietary Limited.
ST Communications provides language services in 40+ African languages- some of which are rare tribal languages – allowing RWS to expand its services and enable clients to reach new African markets.
RWS Holdings shares were flat at 242p at the time of writing.
The acquisition was made from RWS existing cash resources and compliments its long-term plan to grow through acquisitions.
According to the Chief Executive Officer of RWS, Ian El-Mokadem:
“Africa is a continent that is of long-term strategic importance to our clients and, as one of the most linguistically diverse regions in the world, it presents a significant challenge for language services. We have partnered with ST Communications for many years and this acquisition supports our long-term strategy to continually invest and pioneer in new capabilities and will enable our clients to deepen their relationships in fast-growing African markets.”