LanguageWire, a language service provider (LSP), has announced its acquisition of Finland-based Delingua, a Finnish translation and interpreting provider. The terms of the transaction, which was completed on July 31, 2023, have not been disclosed.
Delingua specializes in offering translation and interpreting services to both private and public sectors in Finland. It holds contracts with various public sector organizations, including the Finnish Ministry of Justice and the TRAD19 framework.
The acquisition of Delingua allows LanguageWire to strengthen its position in the Nordic region, where it is already the largest LSP by revenue. LanguageWire has been expanding its presence in the language services market, having acquired two French translation agencies (AWS and A.D.T.) in the past, as well as Belgian-headquartered rival Xplanation in 2018.
In 2022, LanguageWire reported revenues of EUR 64.1 million, while Delingua’s revenues were EUR 6.1 million. The acquisition brings the combined revenues of the two companies to more than EUR 80 million, placing LanguageWire among the top 10 LSPs in Europe and the top 25 globally.
Delingua is known for its conference interpreting services, both on-site and remotely, making it a one-stop-shop for many leading brands in Finland for translation and interpreting needs. With the interpreting market expected to expand, LanguageWire aims to meet the increased demand coming from remote and hybrid meetings with interpretation services.
LanguageWire’s CEO, Søren Bech Justesen, believes that technology-driven players of scale will have a competitive advantage in the language services market. The company continues to invest in its Language Management Ecosystem, including developments in artificial intelligence (AI) and Large Language Models (LLMs).
Following the acquisition, Delingua’s CEO and Founder, Katja Virtanen, and the Delingua leadership team will join LanguageWire. The two companies will eventually operate as one, with integration and cooperation evolving gradually.