REG - RWS Holdings PLC - Acquisition

RWS HoldingsAnnouncement

03/10/2023 08:00

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RNS Number : 4478O  RWS Holdings PLC  03 October 2023

 

For immediate
release
3 October 2023

 RWS Holdings plc

RWS establishes presence in Africa through the acquisition of ST
Communications

 

RWS Holdings plc ("RWS"), a unique world-leading provider of
technology-enabled language, content and intellectual property services,
announces the establishment of a presence in Africa through the acquisition of
STComms Language Specialists Proprietary Limited ("ST Communications"), a Cape
Town-based language services provider. This marks a milestone for RWS,
enabling clients to further their reach into the African market with
locally-based talent and linguistic expertise across 40+ African languages and
strengthens RWS's position in rarer languages.

 

Founded in 2008, ST Communications has built a reputation for offering a wide
range of professional language and linguistic solutions to African and
international businesses. Its team of seven project managers and quality
assurance experts work with a large network of highly skilled linguistic
professionals across 26 African countries. Its localisation services include
translation, interpreting, software testing, subtitling and transcreation and
it has been a significant supplier of African language services to RWS for
many years.

 

The acquisition will be funded from RWS's existing cash resources and is in
line with the Group's strategy to actively pursue acquisitions that have the
potential to accelerate delivery of its medium-term plans.

 

Ian El-Mokadem, Chief Executive Officer of RWS, commented:

"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."

 

For further information, please contact:

 RWS Holdings plc

 Ian El-Mokadem, Chief Executive Officer

 Candida Davies, Chief Financial Officer                01753 480200

 MHP (Financial PR Advisor)                             rws@mhpgroup.com (mailto:rws@mhpgroup.com)

 Katie Hunt / Eleni Menikou / Catherine Chapman         020 3128 8100

                                                        07884 494 112

 Numis (Nomad & Joint Broker)

 Stuart Skinner / Kevin Cruickshank / Will Baunton      020 7260 1000

 Berenberg (Joint Broker)

 Ben Wright / Toby Flaux / Alix Mecklenburg-Solodkoff   020 3207 7800

About RWS
RWS Holdings plc is a unique, world-leading provider of technology-enabled
language, content and intellectual property services. Through content
transformation and multilingual data analysis, our combination of AI-enabled
technology and human expertise helps our clients to grow by ensuring they are
understood anywhere, in any language.

 

Our purpose is unlocking global understanding. By combining cultural
understanding, client understanding and technical understanding, our services
and technology assist our clients to acquire and retain customers, deliver
engaging user experiences, maintain compliance and gain actionable insights
into their data and content.

 

Over the past 20 years we've been evolving our own AI solutions as well as
helping clients to explore, build and use multilingual AI applications. With
40+ AI-related patents and more than 100 peer-reviewed papers, we have the
experience and expertise to support clients on their AI journey.

 

We work with over 80% of the world's top 100 brands, more than three-quarters
of Fortune's 20 'Most Admired Companies' and almost all of the top
pharmaceutical companies, investment banks, law firms and patent filers. Our
client base spans Europe, Asia Pacific, Africa and North and South America.
Our 65+ global locations across five continents service clients in the
automotive, chemical, financial, legal, medical, pharmaceutical, technology
and telecommunications sectors.

Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM,
the London Stock Exchange regulated market (RWS.L).

For further information, please visit: www.rws.com (http://www.rws.com)

 

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