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TP Strengthens Specialized Services Through the Strategic Acquisition of ‘ZP Better Together’, a Market Leader in Language Services to the Deaf and Hard of Hearing Community
Teleperformance (TP), a global leader in digital business services, today announced that it has entered into a definitive agreement to acquire ‘ZP Better Together’ (ZP), a fast-growing leader in providing language solutions and technology platforms to the deaf and hard of hearing community in the United States, from Kinderhook Industries, a US private investment firm. ZP will become part of TP’s Specialized Services company LanguageLine Solutions and broaden its offering through the addition of critical services. This acquisition will further strengthen LanguageLine Solutions’ position as the largest company of its kind in the world.
This acquisition is in line with the Group’s development strategy to further strengthen its Specialized Services division. The new entity combining LanguageLine Solutions and ZP will offer an enhanced services portfolio, coupled with innovative technology solutions, to a larger base of clients, offering potential revenue synergies.
Moreover, it further enhances the projected growth, profitability and cash generation of the TP Group while preserving its strong balance sheet and credit rating.
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