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New Deal


Announced

Completed

TELUS completed the acquisition of Lionbridge AI for $935m.

Financials

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Transaction Value£711m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

data services

Acquisition

Private

artificial intelligence

IT Services: Other

Majority

Friendly

Single Bidder

Cross Border

Completed

Synopsis

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TELUS, a digital customer experience innovator, completed the acquisition of Lionbridge AI, a provider of crowd-based training data and annotation platform solutions, for $935m. “We are excited to be welcoming the entire Lionbridge AI team to our TELUS International family. The addition of its industry-leading data annotation capabilities to our suite of next-generation digital solutions will support the expansion of our global service offerings and our penetration into the fast-growing new economy services market as we continue to advance our digital transformation strategy,” Jeff Puritt, TELUS President and CEO.

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