This acquisition is strategically a very important step in the realization of CLSâ€™s international growth strategy. Zurich, 4 September 2009: CLS Communication AG (“CLS”) has acquired Lexi-tech International, in a transaction completed on September 3. Lexi-tech is the leading provider of translation and language services in Canada. This acquisition is strategically a very important step in the realization of CLS’s international growth strategy.
Lexi-tech International was founded in Moncton, New Brunswick in 1988. With offices in Moncton, Quebec City, Montreal, Ottawa and Toronto, this quality provider of language services is a leader in the Canadian translation services market. Lexi-tech serves an impressive list of over 300 clients, mainly from the public sector, aviation, financial services, life science, technology and the automotive industry. The client base is primarily located in Canada. The company employs in the order of 250 staff, of which more than 170 are in-house linguists. Lexi-tech’s core competencies include translation, desktop publishing, revision and proofreading.
The acquisition of Lexi-tech provides CLS Communication AG the opportunity to increase its quality network of client service. Lexi-tech offers a comparable business model to CLS Communication and the service portfolios of the two firms are complementary. With this acquisition, CLS has secured a leading position in the attractive Canadian market for language services. This provides the company with an excellent platform for further expansion in North America. In the Canadian market, the company will operate under the name of CLS Lexi-tech. All of the Lexi-tech employees will be integrated into the CLS entity. CLS has many years of experience in the integration of language service teams.
Doris Albisser, CEO of CLS says: “Lexi-tech is a perfect fit with CLS. This acquisition is strategically a very important step in the realization of our international growth strategy. Canada is a very attractive multilingual communication market and with Lexi-tech we now hold a leading position."
About CLS Communication
CLS Communication AG www.cls-communication.com is an international language and technology services provider for multilingual communication in the fields of finance, insurance, telecommunications, life sciences and legal. Headquartered in Switzerland, the company specialises in the production, translation and management of multilingual documents. Its client base includes some 1000 well-known global companies, Several hundred internal language specialists work for CLS Communication in Europe, North America and Asia, complemented by a network of over 1600 external partners throughout the world.
About Lexi-tech International
Lexi-tech International is the leading Canadian Translation and Linguistic Services Company. With five locations and over 250 employees, Lexi-tech translates for a prestigious list of over 300 clients worldwide. From project management to complex document formatting, Lexi-tech’s services encompass all aspects of a translation project. Lexi-tech’s experienced resources provide solutions customized to meet the specific needs of the language industry.
For further information, please contact:
CLS Communication AG
Doris Albisser, CEO
Tel. + 41 44 206 68 50
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