M&A Deal Summary

Lionbridge AI Acquires CLS Communication AG

On November 10, 2014, Lionbridge AI acquired communications company CLS Communication AG from Zurmont Madison Management AG for 77M USD

Acquisition Highlights
  • This is Lionbridge AI’s 1st transaction in the Communications sector.
  • This is Lionbridge AI’s largest (disclosed) transaction.
  • This is Lionbridge AI’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2014-11-10
Target CLS Communication AG
Sector Communications
Buyer(s) Lionbridge AI
Sellers(s) Zurmont Madison Management AG
Deal Type Add-on Acquisition
Deal Value 77M USD
Advisor(s) William Blair (Financial)

Target

CLS Communication AG

Zurich , Basel, Switzerland
website
CLS Communication is an international language and technology services provider for multilingual communication in the fields of finance, insurance, life sciences, telecommunications and legal. Headquartered in Switzerland with 19 locations in Europe, the USA and Asia, the company specialises in the production, translation and management of multilingual documentation.

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Buyer(S) 1

Buyer

Lionbridge AI

Waltham, Massachusetts, United States

website


Category Company
Founded 1996
Sector Information Technology
Employees5,500
Revenue 560M USD (2015)
DESCRIPTION

Lionbridge Technologies is a provider of translation, development and testing solutions that enable clients to create, release, manage and maintain their technology applications and Web content globally. Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Lionbridge Technologies was founded in 1996 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 6 of 10
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 4 of 8
Country (Switzerland) 1 of 1
Year (2014) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-09 Clay Tablet Technologies

Toronto, Ontario, Canada

Clay Tablet Technologies, Inc. is a provider of integration software that connects content management systems with translation processes and technologies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 Geotext Translations

New York, New York, United States

Geotext Translations, Inc. is a provider of legal translation services.

Buy $11M

Seller(S) 1

SELLER
DESCRIPTION

Zurmont Madison is a private equity group that seeks a variety of control investments in corporate spin-offs, growth capital financings, and management buyouts/buy-ins. Zurmont is an active investor, assisting portfolio companies with any strategy and operational needs. Prospective companies generally have at least CHF 30 million of sales and are cash-flow positive. Sectors of interest include industrial goods, consumer goods, construction, logistics, and business services. Zurmont will not invest in venture, start-up or high-tech projects. Zurmont Madison was formed in 1987 and is based in Zurich.


DEAL STATS #
Overall 15 of 20
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 2 of 6
Country (Switzerland) 12 of 16
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-30 Schaetti

Zurich, Switzerland

Schaetti produces customized thermoplastic and thermosetting plastic powders mainly for adhesive and metal coating applications for various industries such as technical textiles, footwear, automotive, hygiene, furniture and protective coatings. Schaetti was founded in 1957 and is based in Zurich, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-21 Röder Zeltsysteme und Service

Büdingen, Germany

Röder Zeltsysteme und Service is involved in the production, distribution, and rental of indoor and tent systems for the events industry. Röder was formed in 1959 and is based in Büdingen, Germany.

Sell -