A Landmark Deal in the Canadian Language Industry
NATIONS Translation Group announced today the acquisition of Language Marketplace.
NATIONS Translation Group CEO, André Palaguine, announced the completion of the Language Marketplace acquisition. “It gives me a great honour and I am extremely proud to announce NATIONS Translation Group LP. Acquisition of Language Marketplace Inc., a landmark deal on so many different levels.”
This deal sets the foundation for a leading language service provider of the next generation in the Canadian language industry and with a global expansion roadmap.
With over 30 years of colourful history, NATIONS is today’s preeminent Canadian language service provider, unique in its service offering and client experience, its company culture of excellence, innovation and continuous improvement, and in offering turnkey enterprise-level language and translation solutions, supporting our client’s competitiveness by enhancing and clarifying communications, meaningfully engaging with their target audiences and expanding brand reach.
Similarly, Language Marketplace has established a great reputation over 22 years, providing business professional language services, offering high quality of translation and interpretation services, along with personalized client service, and becoming a main partner of the public and private sector.
Both companies’ services are complementary. We share the same core values, caring about our employees, our communities and our customers, providing them with an exceptional experience and continually striving to exceed their expectations.
Together, we are reinventing our organization for the next generation of the language industry, providing innovative and cutting-edge solutions to our clients which are technically differentiated and agile.
This acquisition will solidify our leadership in the Canadian market and enable us to compete on much larger scale.
Our investment will accelerate our expansion plan for achieving organic growth for 2023 and beyond.
It puts us ahead of our schedule and gives us the strategic and competitive edge, tools and capabilities to lead in a fast-growing industry.”
NATIONS Translation Group Chairman, Scott Patles-Richardson, expressed his excitement and explained that the closing of the transaction is the beginning of a new chapter for the company.
“We are proud of the leadership position in the Canadian language industry we have built and we are well prepared to advance our business, our strategic plan and the value we provide to our customers and employees with the additional expertise of the Language Marketplace team,” said Scott and added “This is an important milestone for Indigenous business efforts towards economic reconciliation as we are a major player in this mainstream industry, NATIONS being a 100% First Nation-owned company.”
“We are very pleased to complete the transaction and look forward to joining NATIONS Translation Group,” said Language Marketplace CEO, Ema Dantas. “We are really excited about what can be accomplished at NATIONS; our deep, shared industry expertise, resources and solutions will accelerate growth and drive greater value for our customers and employees. Happy to see Language Marketplace, with the 20 years of development, going to the next level.”
To our NATIONS and Language Marketplace clients, we are looking forward to a new era, focused on supporting you with a wide range of next generation end-to-end language solutions to scale and grow, strengthening your local and international connections, building more impactful collaborations and deliberately driving more success in your target markets.
We strongly value our partners and vendors, nurturing long-standing relationships across our network; and our communities, providing economic empowerment to Indigenous groups and citizens, and supporting charities across Canada, focusing on language preservation and cultural context.
Last, to our employees, I am so proud to have employees like you who always put their job and responsibilities first. I appreciate you for your impressive performance and I want to assure you that the leadership team will open opportunities for career advancement in a company expanding and diversifying its services.
I cannot wait until we begin with the integration and to bring both teams into one. Our market positioning will be phenomenal.
Thank you,
André Palaguine
Chief Executive Officer