Slator Profiles NATIONS’ Acquisition of Language Marketplace
The following is an excerpt from the article.
On November 24, 2022, Ontario-based language service provider (LSP), NATIONS Translation Group, announced that it had acquired fellow Canadian LSP, Language Marketplace for an undisclosed amount. The acquisition is another move toward the consolidation of Canada’s USD 1.1bn language industry.
NATIONS CEO, André Palaguine, told Slator the deal closed on November 23. “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,” Palaguine said.
