Sepura to buy rival PMR radio manufacturer Teltronic for £94.2m

Radio manufacturer - UK two way radio solutions - SantanderCB

UK two-way radio solutions manufacturer Sepura is to acquire its Spanish rival Teltronic for Eur127.5m. Sepura is suspending its existing buyback programme and is funding the deal with £60.5m of new equity and loan facilities from Barclays, HSBC and Santander, according to a press report. Teltronic is understood to have been put up for sale by its private equity firm N+1 about a year ago and caught the attention of Sepura's CEO Gordon Watling. He said: 'This is a highly complementary and transformational acquisition which will be immediately earnings enhancing. It brings together two of the market's growing players, to create a market leading digital Professional Mobile Radio company, with a broader offering and significantly enhanced capabilities.'


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?