Bowne Sells Globalization Business to Lionbridge for $193 Million

Bowne & Co. has closed the sale of its globalization business, Bowne Global Solutions, to Lionbridge Technologies for a total of $193 million in cash and 9.4 million Lionbridge common shares. The deal marks the end of Bowne's involvement in the language and cultural services market, which it entered in 2003 through the acquisition of several companies. Lionbridge will integrate BGS into its existing operations and expand its offerings in the globalization and testing services space.

Bowne & Co. has concluded the sale of its globalization business, Bowne Global Solutions (BGS), to Lionbridge Technologies for a total consideration of $193 million in cash and 9.4 million Lionbridge common shares [1]. The transaction marks the end of Bowne's involvement in the language and cultural services market, which it entered in 2003 through the acquisition of several companies.

Lionbridge will integrate BGS into its existing operations and expand its offerings in the globalization and testing services space. This acquisition aligns with Lionbridge's strategy to strengthen its position in the language learning and cultural adaptation market, which has been experiencing significant growth driven by digital transformation and government policies [2].

The sale of BGS to Lionbridge signifies Bowne's shift away from the language and cultural services sector, allowing it to focus on other strategic areas. Lionbridge, on the other hand, will benefit from BGS's extensive experience and client base, enhancing its capabilities in language learning and testing services.

References:
[1] https://finance.yahoo.com/news/bowne-co-sells-globalization-business-lionbridge-105800381.html
[2] https://finance.yahoo.com/news/language-learning-market-reach-usd-105800381.html