The Acolad Group acquires Livewords
Major challenges at the heart of the takeover: technology, diversification and local strengtheningAfter a major rebranding which affected 9 of the group's 12 brands last January, Acolad (formerly Technicis) is pursuing its leadership objectives with the acquisition of Livewords. Thanks to this ninth acquisition, the group has passed the symbolic threshold of 1,000 employees and forecasts a turnover of more than 160 million euros for the year 2019. In addition to its leading position in the strategic market of the Netherlands, Livewords brings to the Acolad group an advanced expertise in interpreting, with 45% of its activity dedicated to this service. Livewords also enriches the group with proprietary technologies: Livewords GO, a real time interpreting app, as well as Livewords Flow, a translation management plug-in that integrates with CMS and PIM systems.
Benjamin du Fraysseix, CEO of the Acolad Group, comments:“The Benelux region is one of the fastest-growing markets for translation and interpreting services in Europe. Adding the expertise of a confirmed market leader to the Group’s offer was a logical step for us. The arrival of Livewords will bring two key elements to the group: a prominent presence in the network of Dutch translators and a clear reinforcement for the group in interpreting services. This is also a crucial step for the Group in order to confirm our multi-local approach, with offices in all major European countries.”
Livewords - the leader in the Dutch marketLivewords is the Netherlands’ biggest Language Solution Provider and offers professional translation and interpreting services to businesses in the Benelux region. The company, formerly known as Concorde group, recorded a turnover of €37m in 2018. Having acquired the cloud translation platform Livewords back in 2016, the group continued its growth with the acquisitions of BB&TW (April 2017), Words at work (July 2017), Engels & Partners (February 2018), Balance Translations (May 2018), Metamorfose (June 2018) and Walker Language Consultancy (December 2018) before being acquired itself by the Acolad Group. By joining the Group, Livewords will benefit from Acolad’s knowledge of the translation market, as well as from its international presence and extensive know-how. Livewords has 178 employees and over 1,000 customer accounts globally.
Livewords has offices in Amstelveen, Maastricht and Utrecht. "We are thrilled to be partnering with Acolad” says Livewords CEO Alexandra Hubar. “In this partnership we can exercise our ambition to grow and truly become a market leader in Europe. The transition will enable us to achieve our shared vision for the industry more rapidly. With combined professional competence, resources and the latest innovative tools, Livewords will be able to respond faster and more effectively to the growing and increasingly complex needs of our clients.”