Simons Muirhead Burton has acted on behalf of TransPerfect Translations Limited in the acquisition of the share capital of Sterling Technology Holdings Limited.
TransPerfect is the world’s largest provider of language and technology services and following the acquisition of Sterling Technology (Europe’s major provider of virtual data room services) TransPerfect is now a leading provider of translations and virtual data room services to global businesses.
The transaction involved dealing with, amongst others, various cross-jurisdictional elements (including commercial and legal aspects relating to TransPerfect’s operations in the US and Sterling’s operations in Europe and India).
Commenting on their clients’ acquisition, lead partner Peter Weiss said:
“We are delighted to have worked with TransPerfect and assisted them with the acquisition of Sterling. This was a major acquisition for TransPerfect, as being the world’s largest provider of translation services, they will continue to develop as leaders in legal technology”
TransPerfect President and CEO Phil Shawe stated:
“We have admired Sterling’s strong reputation and leadership position in Europe. It is exciting to have them as part of our global team, and I have no doubt we will achieve great things for our clients. We welcome everyone at Sterling to the TransPerfect family.”
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