HMT LLP advised AI-powered language operations platform Unbabel on their acquisition of EVS Translations, an international translation company for corporate requirements in all business areas.
Based in San Francisco, Unbabel eliminates language barriers so that businesses can thrive across cultures and geographies. The company’s Language Operations platform blends advanced artificial intelligence with humans in the loop, for fast, efficient, high-quality translations that get smarter over time. Unbabel helps enterprises grow into new global markets and builds customer trust by creating more consistent, high-quality multilingual customer experiences across marketing and customer service.
Founded in 1991 and with nearly 150 employees across offices in Germany, England, Bulgaria, and USA, EVS Translations combines linguistic skill with technology-driven solutions to help clients deliver a diverse range of multilingual content. A recognised industry-leader for highly specialised financial content, the company’s services span document translation, legal translation, terminology management, multi-format file processing, media localisation, international SEO, and copywriting, machine translation and engine customisation, and interpreting.
The deal expands Unbabel’s global translation capabilities, bringing its offerings to new sectors and further strengthening customer experiences in Germany and throughout Europe.
With this acquisition, Unbabel can provide customers with more workflows tailored to individual company requirements, significantly reducing costs and time to translate. The company will also provide specialised content services for additional industries including finance, legal, and automotive.
In addition, EVS Translations will also significantly expand Unbabel’s offerings at a time of high global demand for translation services by multinational corporations.
HMT undertook financial due diligence on this transaction.
Craig Adams, Corporate Finance Director at Unbabel commented:
“Having worked with HMT on a previous acquisition, Paul, Corin and Francis were very responsive in understanding the key challenges on this transaction and produced a high quality financial analysis in a timely manner.”
Paul Read commented:
“We are delighted to have advised Unbabel on their acquisition of EVS Translations. The addition of EVS Translations, is opening new growth opportunities for Unbabel and is broadening capabilities for their customers. We look forward to working with them again in the future.”