RWS Holdings PLC Acquisition of Horn & Uchida Patent Translation (5237E)

TIDMRWS

RNS Number : 5237E

RWS Holdings PLC

08 July 2021

For immediate release

8 July 2021

RWS Holdings plc

Acquisition of Horn & Uchida Patent Translation, Ltd

RWS Holdings plc ("RWS"), the world's leading provider of technology-enabled language, content management and intellectual property support services, announces that on 7 July 2021 it completed the acquisition of Horn & Uchida Patent Translation, Ltd ("Horn & Uchida"), a specialist in patent translation based in Osaka, Japan for cash consideration of Y349m (GBP2.3m).

Horn & Uchida was founded in 2000 and has built a reputation for high quality services to Japanese corporates and law firms. Horn & Uchida will be acquired by KK RWS Group, RWS's fast growing subsidiary in Japan, and will extend RWS's in-house patent translation capability and its geographic coverage in Japan.

Andrew Brode, Chairman of RWS, commented:

"The acquisition of Horn & Uchida is an ideal fit for RWS and will complement and strengthen our existing patent translation services business in Japan. It will also help our US and European customers to internationalise their intellectual property in the important and growing Japanese market."

 
    RWS Holdings plc 
     Andrew Brode, Chairman 
     Richard Thompson, Chief Executive 
     Officer 
     Des Glass, Chief Financial Officer         01753 480796 
 
 
    MHP (Financial PR advisor)          [e-mail] 
     Katie Hunt / Simon Hockridge       020 3128 8100 
 
 
 
                                                                 020 7260 
    Numis (Nomad & Joint Broker)                                 1000 
     Stuart Skinner / Kevin Cruickshank/Will Baunton 
 
     Berenberg (Joint Broker)                                    020 3207 
     Ben Wright /Toby Flaux / Alix Mecklenburg-Solodkoff         7800 
 
 

About RWS

RWS Holdings plc is the world's leading provider of technology-enabled language, content management and intellectual property services. We help our customers to connect with and bring new ideas to people globally, by communicating business critical content at scale and enabling the protection and realization of their innovations.

Our vision is to help organizations interact effectively with people anywhere in the world, by solving their language, content and market access challenges through our collective global intelligence, deep expertise and smart technology.

Customers include 90 of the globe's top 100 brands, the top 10 pharmaceutical companies and approximately half of the top 20 patent filers worldwide. Our client base spans Europe, Asia Pacific, and North and South America across the technology, pharmaceutical, medical, legal, chemical, automotive, government, and telecommunications sectors, which we serve from offices across five continents.

Founded in 1958, RWS is headquartered in the UK and publicly listed on AIM, the London Stock Exchange regulated market (RWS.L).

   For further information, please visit:   www.rws.com . 

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July 08, 2021 02:00 ET (06:00 GMT)