Lionbridge Completes Acquisition of Bowne Global Solutions

Sep 09, 2005


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Lionbridge Technologies, Inc., a provider of globalization and offshoring services, has announced the completion of its acquisition of Bowne Global Solutions, a division of Bowne & Co., Inc. Both Lionbridge and Bowne Global Solutions provide globalization services that enable organizations to release products and content, which meet the linguistic, technical and cultural requirements of customers, partners and employees worldwide. The acquisition was completed on September 1, 2005. Under the Agreement, Bowne & Co., Inc., the prior parent company of Bowne Global Solutions, received $130 million in cash, and 9.4 million shares of Lionbridge common stock, for a total purchase price of approximately $193 million, excluding cash of $11.5 million acquired with the business. Bowne Global Solutions will be re-branded as Lionbridge.

(www.lionbridge.com)