CLS Communication Becomes Part of Lionbridge Group

by swisscham in Consulting, Legal, Services, Tax

Lionbridge Technologies, Inc. today announced a definitive agreement to acquire CLS Communication, a privately-held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets. The combination of Lionbridge and CLS will address growing demand for integrated, technology-enabled translation solutions that allow organizations to create, translate and manage digital content worldwide. Lionbridge expects to purchase CLS Communication for approximately CHF 74 million, or approximately USD 77 million in cash, subject to estimated cash and debt adjustments at closing and certain post-closing adjustments.

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