RWS Holdings Plc (RWS), an international provider of intellectual property support services, has acquired Communicare, which focuses on translations for the medical and pharmaceutical industries, for £2.1 million in cash.
RWS Holdings Plc (RWS), an international provider of intellectual property support services, has acquired Communicare, which focuses on translations for the medical and pharmaceutical industries, for £2.1 million in cash.
The deal is in keeping with RWS’s strategy to complement organic growth with targeted acquisitions.
Andrew Brode, RWS executive chairman, commented: “We are pleased to have acquired Communicare, which will further strengthen our position as Europe’s leading technical translation provider by consolidating our market share in the medical and pharmaceutical industries.”
RWS reported strong growth in 2008, with sales increasing by 17 per cent to £54.1 million. Communicare’s last financial statement for 2008 showed a turnover of £2.2 million.
