(Alliance News) - RWS Holdings PLC on Tuesday said it has bought STComms Language Specialists Proprietary Ltd, a Cape Town-based language services provider.
RWS is a Buckinghamshire, England-based technology-enabled language services provider.
"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," RWS said.
It noted it has a team of seven project managers and quality assurance experts, and a network across 26 African countries.
RWS said the acquisition marks a "milestone", enabling clients to further reach into the African market.
It added that the acquisition is in line with its strategy to actively pursue acquisitions which have the potential to accelerate its medium-term plans.
The acquisition will be funded from RWS's existing cash resources, but RWS did not disclose how much it will pay for ST Communications.
Chief Executive Ian El-Mokadem said: "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."
Shares in RWS were up 2.8% to 248.75 pence each in London on Tuesday morning.
By Sophie Rose, Alliance News reporter
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