FOR IMMEDIATE RELEASE

Straker Acquires Elanex

Straker Translations completes acquisition of Elanex

AUCKLAND, NEW ZEALAND, February 8th 2017 – Straker Translations has completed the second phase in its growth strategy with the acquisition of Elanex, the San Francisco-based language services provider.  Elanex has a revenue of around NZ$6.5 million and employs 35 people and specialises in technology, retail, energy, financial translations and over-the-phone interpretation services.

The acquisition of Elanex comes just four months after the acquisition of Eurotext Translations in Ireland (October 2016) and is the next phase in Straker Translations’ strategic global expansion plans.

“The acquisition of Elanex is another key step in the continued growth of Straker Translations,” says Grant Straker, Chief Executive Officer, Straker Translations. “Elanex is a great fit for Straker Translations.

“We share the same principles regarding how to do business and how to best serve clients. Integrating our award-winning technology stack provides us immediate growth in all areas of the company and Elanex’s over-the-phone interpreting services allows us to develop into new and exciting markets.”

Donald Plumley, CEO at Elanex, added: “Elanex and Straker Translations brings together two of the most dynamic and forward-thinking businesses in the language services industry. We are delighted to be part of the Straker Team and look forward to sharing our extensive industry knowledge to create even better language solutions for our clients.”