Andera Partners to acquire a majority stake in ElaN Group.

Andera Partners, a private equity firm, agreed to acquire a majority stake in ElaN Group, a provider of specialised translation services and customised language training. Financial terms were not disclosed. “We are delighted to continue our further development with Andera Partners. We have an ambitious growth plan in place to expand organically by +50% and double in size through acquisitions. The fundamentals that are driving our growth will remain strong in the coming years. The foundation we have built up, which strongly focuses on automation, currently represents an important technology platform for consolidation in our sector," Robrecht Beliën and Geert De Blende, ElaN CEOs.