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Tech company acquires transcription service provider
A cross-border team from a global firm has advised Appen Limited on its acquisition of Mendip Media Group Limited in the UK.
Lara Bullock
Firms: Norton Rose Fulbright (Appen Limited); Nash & Co Solicitors LLP (Mendip Media Group Limited)
Value: Confidential
Area: M&A
Key players: The Norton Rose Fulbright team was led by partner Ben Smits (pictured) with assistance from associate Mitchell Kelly in Sydney, and associate Nari Armaly and solicitor Nathaniel Gordon in London.
Deal significance: Appen Limited (Appen) is a leading global language technology solutions provider, which is listed on the ASX. It has capability in over 180 languages and 130 countries, serving global technology companies, auto-makers and government agencies.
Mendip Media Group Limited (Mendip Media) is a prominent provider of secure transcription services in the UK. For two decades the company has provided transcription services at a range of security levels to government departments, the UK Crown and County Courts, the UK police services and corporate clients.
Appen has acquired 100 per cent of the shares in Mendip Media.
“It was very rewarding to assist Appen on yet another strategic acquisition,” lead NRF partner Mr Smits said.
“Secure transcription is a fundamental issue for sensitive government information and this transaction will allow Appen to position itself as a market leader in both the UK and Europe.”
Appen chief executive Mark Brayan told the ASX that the acquisition “establishes a growth platform for Appen in the UK and throughout Europe”.
