Last night, at the AIM Awards event in London, RWS was announced winner of the AIM Transaction of the Year Award, recognizing the transformative impact of RWS’s acquisition of Moravia in November 2017.
“As selective acquisitions are a key part of our strategic growth strategy, I am thrilled that RWS has received this external recognition by AIM. We are delighted with how Moravia has been assimilated into the RWS Group and its performance since acquisition,” said Richard Thompson, RWS’s Chief Executive Officer.
The $320m transaction marked RWS’s largest acquisition to date, doubling the company’s revenue and headcount. With this acquisition, RWS enhanced its global presence, adding operations in the Czech Republic, United States, Japan, China, Argentina and Ireland, offering the opportunity to expand into new geographies. As a profitable and cash generative business, Moravia adds a third division of scale to RWS in an attractive, adjacent market, which reinforces the Group’s dominant position in the language services market.
On 1 October, RWS announced the rebrand of Moravia to RWS Moravia, marking the completion of its assimilation into the Group.
This award follows the company’s successful Capital Markets Day, which was held in London on 9 October, with a core focus on providing analysts and investors with a deeper insight into this newest division.
About the AIM Awards
Each year the AIM “club” gathers to celebrate outstanding achievement on the world’s most successful growth market. Sponsored by PwC, the awards identify the quoted companies and entrepreneurs who have harnessed AIM to help them fulfil their ambition and growth potential in the last twelve months.
Now in its 23rd year, the AIM Awards dinner attracts over 1,300 guests including Senior Directors from AIM quoted companies and their advisers, making it the largest AIM gathering.
RWS is the world’s leading provider of intellectual property support services (patent translations, international patent filing solutions and searches), a market leader in life sciences translations and linguistic validation, a leading localisation provider, and a high-level specialist language service provider in other technical areas, providing for the diverse needs of a blue-chip multinational client base from Europe, North America and Asia. RWS is based in the UK, with offices in Europe, the USA, China, Japan, Latin American and Australia, and is listed on AIM, the London Stock Exchange regulated market (RWS.L).
Sara Bell, Senior Marketing and Communications Manager | 01753 480 200
AIM Transaction of the Year Award 2018 Sponsored by Shore Capital
Winner: RWS Holdings plc
Picture shows, left to right;
David Snell, Partner and AIM Leader, PwC; Richard Thompson, CEO RWS Holdings plc (winner); Simon Fine, CEO, Shore Capital; and Sophie Raworth, awards presenter.