Business
Completion of the acquisition of LUZ, Inc.
Completion of the acquisition of LUZ, Inc..
About this update from Rws Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 2323X RWS Holdings PLC 17 February 2017 \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\n \nRWS Holdings plc\n\nCompletion of the acquisition of LUZ, Inc.\n \nFurther to the announcement of 14 February 2017, RWS Holdings plc (\"RWS\") is pleased to announce today the completion of the acquisition of 100% of LUZ, Inc. by RWS US Holding Co Inc., a subsidiary of RWS.\n \nAndrew Brode, Chairman of RWS, commented:\n \n\"We are delighted to have completed the acquisition of LUZ which, together with CTi, will strengthen the Enlarged Group as a leading player in the global Life Sciences translation space, with a significant presence across North America, Europe and Asia. \n \n\"Following the acquisition, Life Sciences represent over 30% of the Enlarged Group's revenues, with strong margins and further opportunities for growth. The Life Sciences sector also provides the potential for the Enlarged Group to develop and expand its other services, especially in patent translation and foreign filing.\n \n\"The acquisition of LUZ is an important element of our strategic vision to deliver high quality, full-service global language services across the value chain, and we are confident it will add significant value to our shareholders.\"\n \nFor further information, contact:\n \nRWS Holdings plc\nAndrew Brode, Chairman 01753 480200\n \nMHP\nKatie Hunt / Simon Hockridge &nbs...