ArKadia Translations Acquires German Financial Translation Provider ALinea

Italian language services provider (LSP) ArKadia Translations has acquired ALinea Financial Translations, a German-based financial translation provider. The deal was finalized on November 6, 2024. The financial terms of the agreement have not been disclosed.

According to the press release, the acquisition is intended to position ArKadia as a leader in financial translation while also strengthening ArKadia’s presence in Germany, a key market. Through the acquisition, ArKadia now operates in Frankfurt, in addition to its Milan headquarters and an office in Brussels, which opened in 2015. 

ALinea founder Susanne Eifler called the partnership “a natural next step with great potential for our customers to enter a whole new league of multilingual communications,” adding, in a LinkedIn post, that she was “so happy and proud to share this exciting news.”

Eifler will join ArKadia’s team of about 25. During a transition period, both companies will continue to operate under their respective brands. 

“The financial and legal sectors have also been ArKadia’s main areas of focus since the company’s establishment” in 1999, ArKadia Founder and CEO Katya Aricci explained in the press release. 

Slator 2023 Language Industry M&A and Funding Report

This 61-page report provides an in-depth analysis of mergers, acquisitions, and funding in the language services industry in 2023.

$690 BUY NOWIncluded in our Pro and Enterprise plan.
Subscribe now!

She continued: “The ability to offer a wider range of services, increasingly innovative and of the highest quality, has led us to this transaction, which will allow us to extend our territorial reach and be closer to very strategically important clients, such as those in Germany, but also in Switzerland and the UK.”

Aricci told Slator that both companies take a “best-of-breed” approach, selecting technologies available in the market rather than creating new systems from scratch. In practice, ArKadia and ALinea already use Smartcat for their translation management system (TMS), Plunet for business management, and tools such as memoQ and Groupshare. 

“Additionally, we provide machine translation solutions powered by leading engines in the market, complemented by large language model integrations, including both commercial offerings and internally customized solutions,” Aricci added.