Priveq Investment acquires a 55% stake in language and media technology company Plint, aiming to capitalize on its rapid growth and expanding market opportunities.

Target Company Overview

Plint is a rapidly expanding language and media technology company based in Gothenburg, Sweden, with additional offices in Borås and Los Angeles. Recognized for its close collaboration with streaming service giant Netflix, Plint has experienced remarkable growth, with revenues soaring from SEK 11 million to SEK 236 million over a five-year period. In 2018, it was noted as the fastest-growing company in the global language and media technology sector. With a dedicated workforce of approximately 40 employees and a network of over 1,000 translators, Plint aims to reach a revenue target of SEK 500 million by 2022.

Industry Overview

The media and language services industry in Sweden is witnessing a substantial transformation, driven by the growing prevalence of streaming platforms and the rising demand for localized content. As streaming services proliferate, companies like Plint are at the forefront of providing tailored language solutions that cater to diverse audiences across different cultures and regions. This shift is particularly evident as major players in the industry, such as Netflix, report significant subscriber growth, thereby increasing the need for professional language services.

In recent years, the Swedish media market has expanded due to the rise of digital consumption and the need for multimedia localization. Businesses are increasingly recognizing the importance of e