PRAGUE (Reuters) - British translation and intellectual property services company RWS Holdings (L:RWS) will buy Czech translation service provider Moravia for $320 million (£243.2 million), the companies said on Wednesday.
The deal is expected to close by November, the groups said in separate statements.
RWS said it would finance the acquisition with a share placement worth 185 million pounds and a $160 million term loan.
U.S. private equity firm Clarion Capital Partners acquired a majority stake in Moravia in 2015.
Since then, Moravia has lifted its revenue to $159.2 million in 2016, from $100.3 million in 2014.