RWS Holdings Spends USD8 Million On IP Information Firm Article One

LONDON (Alliance News) - RWS Holdings PLC on Monday said it has acquired Article One Partners ...

Alliance News 2 October, 2017 | 8:36AM
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LONDON (Alliance News) - RWS Holdings PLC on Monday said it has acquired Article One Partners LLC for a total cash consideration of USD8.0 million.

RWS, which provides intellectual property support services as well as life sciences and commercial language services, said Article One Partners is a "cutting-edge" IP information business based in the US.

Article One's online crowdsourcing platform links its clients to a community of over 42,000 researchers, across more than 170 countries, to provide them with access to IP intelligence that informs their litigation, licensing, patent enforcement and IP acquisition strategy decisions.

"The platform is able to match Article One's clients' requirements with researchers in the right technical field and geography. Article One has a track record of delivering critical litigation citations to its strong client base, which includes blue chip corporations such as Philips," said RWS.

"The acquisition will be highly complementary to RWS's existing Patent Information business and PatBase offering, whilst reinforcing the group's focus on providing innovative technology solutions to its clients. In particular the acquisition will strengthen the US presence of RWS's Patent Information division while expanding cross-selling opportunities across the existing client base. In addition, the support of RWS's IP sales team in the US, Europe and Asia will bring Article One's services to a wider market," RWS said.

Article One made revenue of USD3.7 million in 2016, and the acquisition is expected to be earnings neutral in RWS's 2018 financial year, which runs to the end of September, as the benefits from RWS's sales team and back-office synergies are realised.

RWS shares were down 0.9% on Monday morning at 393.38 pence.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
RWS Holdings PLC 649.00 GBX 0.46 -

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