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Lionbridge Technologies, Inc. Acquires Productive Resources, LLC


Monday, 4 Jun 2012 10:00am EDT 

Lionbridge Technologies, Inc. announced that it has acquired Indiana-based Productive Resources, LLC (PRI), a privately-held provider of outsourced technical engineering, documentation and drafting solutions, for approximately $12 million, net of cash. Lionbridge is acquiring PRI for a consideration of approximately $12 million in cash, subject to adjustments for closing working capital, cash positions and other customary post-closing events. The consideration is being satisfied using $10 million of Lionbridge's existing cash resources and revolving line of credit, as well as a $2 million note payable. 

Company Quote

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10:27am EDT