Straker Translations Limited (ASX:STG) agreed to acquire Idest Communication Sa for €4.25 million on January 4, 2022. The acquisition is to be funded via existing company cash reserves. IDEST's management team, including its founder/CEO, will continue with the IDEST business after acquisition and will continue to manage IDEST operations from IDEST's Belgium-based head office.

Completion of the transaction is not subject to any conditions precedent.