Britain's RWS Holdings has agreed to buy translation software company SDL in an all-stock merger worth $1.13 billion, making this the UK's largest tech deal this year.
RWS is a support company known for its translation and localization, patent translation and life science language services. The company has seen significant growth this year despite the pandemic. This is due in large part to its Moravia business, which helps companies create content in over 250 languages, and it's Life Science business, which is helping in making of COVID vaccines.
SDL, though a promising and leading software translation company, has failed in its attempt to flourish in social media; however it did manage to sign-on profitable clients like the US Air Force. RWS has offered 1.2246 new shares for each SDL share, leaving RWS shareholders with a 70% of stake in the combined company.