Litorina III sells Semantix

Litorina III has entered into an agreement to sell its holding in Semantix, the Nordic region’s leading supplier of translation and interpreting services.

The company’s customers include large and small companies and authorities within most industries. The group has twelve offices in Sweden, Finland and Norway with a total of approximately 300 employees.

Under Litorina’s ownership since December 2009, the company has strengthened its leading Nordic position by developing its service offering, focusing on its customers, investing in systems and reinforcing the organisation, as well as through a number of add-on acquisitions. Since being acquired by Litorina, Semantix’s turnover has increased from around SEK 300 million to more than SEK 600 million, with a stable profit margin.

SPEAS has made an investment commitment of SEK 107m to the private equity fund Litorina III.

View the press release from Litorina here