Announced
Completed
Financials
Tags
artificial intelligence
translation technology
France
machine translation
Software
Acquisition
Majority
Private
Domestic
Friendly
Single Bidder
Completed
Synopsis
ChapsVision, a sovereign data processing firm, completed the acquisition of SYSTRAN, a pioneer in machine translation technologies. Financial terms were not disclosed. “We are delighted to welcome SYSTRAN to the ChapsVision Group. This strategic acquisition strengthens our position as a leader in data processing and allows us to enrich our portfolio of solutions with innovative machine and instant translation capabilities to better serve the needs of businesses and governments. We are also very proud, through this operation, to bring back under French flag this technological nugget hitherto owned by Korean funds," Olivier Dellenbach, ChapsVision CEO.
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