Beauty tech firm The Hut Group has announced the acquisition of Language Connect, a company that specialises in language translation and localization services, according to a report by WWD.com.
The purchase is said to be a significant investment that will help make ‘translation more efficient’ for The Hut Group’s customers across the globe, according to Matthew Moulding, Founder and Chief Executive Officer of the company.
Moulding continued that the purchase was, “another step in the growth of our proprietary technology platform, THG Ingenuity, following the acquisitions of UK2 and Hangar Seven last year. We expect to make additional investments this year to grow the platform further.”
Founded in 2003, Language Connect has more than 900 customers worldwide with The Hut Group, which sells Espa and Glossybox, said to be keen to offer the company’s services to its existing THG Ingenuity clients.
Speaking to WWD, Ben Taylor, Cofounder of Language Connect, said, “I have closely followed the growth of THG as one of the U.K.’s leading technology companies and particularly its impressive expansion into international territories. I am confident in the group’s ability to accelerate the business forward and create exceptional opportunities for our people in this exciting new chapter.”