Andera Partners has acquired a majority stake in ElaN Group, a leading Belgian translation services provider, to accelerate its growth within France and Europe.

Target Company Overview

Andera Partners, a prominent player in the small-cap private equity sector through its Andera Expansion fund, has acquired a majority stake in ElaN Group. ElaN Group is recognized as one of Belgium's leading providers of specialized translation services and customized language training. With over 30 years of experience, the group has developed a stellar reputation for delivering high-quality services to a diverse range of clients, including the Belgian government, the European Commission, and various significant European private sector companies that depend heavily on translation services.

ElaN Group's primary offering is translation services across various domains, such as financial, legal, medical, and commercial. The company utilizes a unique blend of human expertise and advanced technologies, including Artificial Intelligence and Natural Language Processing, through its sophisticated in-house technology platform. In addition to translation, ElaN Group provides a suite of complementary services including post-editing, video subtitling, sworn translations, interpreting, and voice-over recording. Following the acquisition of Tilleghem Group in 2018, ElaN Group has experienced substantial growth, currently generating sales of €20 million, employing 80 staff across four offices, and serving around 2,000 clients.

Industry Overview

The translation services industry in Belgium is evolving rapidly, driven by globalization and digital transformation. As businesses expand beyond local borders, the demand for high-quality translation services has surged. This growth is further bolstered by techno