ElaN Languages has acquired AVB Vertalingen, enhancing its market presence in the Netherlands and aligning with its strategy to consolidate its foothold in the Benelux language services market.

Target Company Overview

ElaN Languages, a leading tech-enabled Language Service Provider based in Belgium and Germany, has recently completed the acquisition of AVB Vertalingen, a prominent translation service provider in the Netherlands. ElaN has established a strong reputation in the market with a turnover of approximately €30 million, bolstered by its recent acquisition of Lingua-World in Germany in June 2023. The company serves a diverse clientele, including national and regional governments, the European Commission, and numerous private European firms, all of whom prioritize high-quality translation services.

Specializing primarily in translation, ElaN covers a variety of fields such as financial, legal, medical, commercial, and administrative services. The company's extensive portfolio includes translating an array of documents including websites, legal papers, annual reports, and other technical communications. ElaN leverages its unique expertise, which fuses human intervention with state-of-the-art technologies like Artificial Intelligence and Natural Language Processing, utilizing a proprietary technological platform.

Industry Overview in the Netherlands

The translation industry in the Netherlands has witnessed significant growth in recent years, driven by globalization and an increasing demand for multilingual communication in both public and private s