Parent Company of Language Line Holdings, Inc. and Language Line, Inc. Announces Acquisition of Leading U.K. Language Services Provider; Combination Brings Market-Leading Language Support Solutions to Growing Market.MONTEREY, Calif. -- Language Line Holdings, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , parent company of Language Line Holdings, Inc. and Language Line, Inc. ("Language U.S.") announced today that it has signed an agreement, subject to customary closing conditions, to acquire unaffiliated U.K.- based Language Line, Limited ("Language Line U.K."). A subsidiary of Language Line Holdings, LLS LLS Leukemia & Lymphoma Society LLS Linear-Least Squares LLS Language Line Services (translation company) LLS Language Learning Strategies LLS Light Louisiana Sweet (crude oil grade) trades under the brand name of National Interpreting Service in the United Kingdom. Both companies provide high quality language support solutions to a growing blue chip customer base that enable customers to increase revenue and meet regulatory requirements. Services provided include over-the-telephone and face-to-face interpretation and document translation. The combined organizations will leverage their knowledge and expertise acquired in the last 20 years to provide better customer focus and service, a greatly improved telephone interpretation product, and an expanded product line. "This acquisition is in line with our strategy to grow the global language support marketplace. I am excited by this opportunity to extend our customer base and our interpreter network into the United Kingdom and Europe," said Dennis Dracup, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Language Line Holdings, LLC. "As I look into the future, I am encouraged by the synergies that can be gained by both businesses. The geographic distribution of our client base and work force are complementary. The expertise of our work force is complementary. Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , both organizations are passionate about helping our customers break down language barriers and better service their own clientele," continued Dracup. The transaction has been structured as an acquisition by the parent company, Language Line Holdings, LLC, with both the U.S. and U.K. companies operating as separate legal entities. Through an arms-length services agreement, Language Line U.K. will leverage the U.S. company's global network of interpreters, technology and infrastructure to deliver services to its customers. The acquisition will be funded by equity investments by Language Holdings, LLC majority shareholder, ABRY Partners ABRY Partners is a private equity firm headquartered in Boston, Massachusetts that focuses on investments in media. Since 1989, the firm has completed over $18.0 billion of leveraged transactions and other private equity and mezzanine investments, representing investments in more , LLC, and management, and debt underwritten by the Royal Bank of Scotland
The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba . The borrowing to make this acquisition is not an obligation of Language Line Holdings, Inc. or Language Line, Inc. The transaction is expected to close by year-end. About Language Line Holdings, LLC LLH LLH Landesbetrieb Landwirtschaft Hessen (Kassel, Germany) LLH Light Load Hours LLH Lysyl Hydroxylase LLH Long Leg Horizontal (structural engineering) LLH Light Lift Helicopter LLH Laughing Like a Hyena , LLC is the parent company of Language Line Services, the industry leader in the provision of language support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . It provides interpreting and document translation services to health care organizations, businesses, and government agencies located in the United States, Canada and the United Kingdom. |
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