Form 8-K LIONBRIDGE TECHNOLOGIES For: Nov 10

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Go back to Form 8-K LIONBRIDGE TECHNOLOGIES For: Nov 10

Lionbridge Technologies (LIOX) to Acquire CLS Communication in ~$77M Deal

November 10, 2014 8:26 AM EST

Lionbridge Technologies (Nasdaq: LIOX) announced a definitive agreement to acquire CLS Communication, a privately-held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets. The combination of Lionbridge and CLS will address growing demand for integrated, technology-enabled translation solutions that allow organizations to create, translate and manage digital content worldwide.

Lionbridge expects to purchase CLS Communication for approximately 74 million Swiss Francs, or approximately $77 million US Dollars in cash, subject to estimated cash and debt adjustments at closing and certain post-closing adjustments. The acquisition is being... More