We are very proud to announce the acquisition of two former competitors – abtipper.de and uitgetypt.nl. With these acquisitions Amberscript secures its position as the market leader in the Netherlands and Germany. Simultaneously, abtipper.de and uittypt.nl will benefit from Amberscript’s technological lead in the European market and can now use Amberscript’s generative AI.
Peter-Paul de Leeuw, founder and CEO of Amberscript says, “The market for subtitling and transcription is developing rapidly, partly due to legislation and platforms such as YouTube. To expand our lead and further shape our international ambitions, we acquired abtipper.de and uittypt.nl. They bring in knowledge, customers, and additional offices abroad, while the acquired companies can use our generative AI engine,” adds de Leeuw.
Endeit Capital, which invested €8M in Amberscript in 2021, financed the acquisition.