Barclays were also the Facility and Security Agent in the transaction.
Founded in the UK in 2002, Sepura expanded rapidly across the world with a network of regional partners selling and providing local support for its products, and quickly achieved the status of market leader in over 30 countries.
Operating globally, Sepura’s wide-ranging and complete solutions enable public safety organisations and users in commercial sectors - including transport, utilities, oil and gas, manufacturing, mining, hospitality and construction - address their communications challenges.
The acquisition of Teltronic aims to accelerate the group's market diversification strategy and improve its product offering and technical breadth. In particular, the enlarged group will command an increased share in its existing vertical and geographical markets, and accelerate its entry into new markets.
Gordon Watling, CEO for Sepura, said: ”This acquisition brings together two of the market's fastest growing players to create a leading digital PMR company with a broader offering and significantly enhanced capabilities. Teltronic's business will diversify our geographical reach, grow our footprint in Latin America and strengthen our existing presence in North America, while expanding and diversifying our revenue streams accordingly.”
Richard Redman, Relationship Director at Barclays, said: “Sepura is a fantastic success story and demonstrates the worldwide demand for UK technological expertise and design. With its great strategic, geographic and technological fit, this acquisition truly cements Sepura’s position as a global market leader. Barclays as Sepura’s main clearing bank are delighted to have supported in this deal and look forward to continuing to do so.”
Martyn Dawson, Relationship Director, Santander Corporate & Commercial, said: “The acquisition of Teltronic presents a significant growth opportunity for Sepura in the critical communications market and we are delighted to be able to support the group in this endeavour.”
Dan Howlett, UK Head of Large Corporates, HSBC, said: “When looking at a merger it is not only essential to find the right business to merge with, but also the best finance solution. We are pleased to have supported Sepura with finance for this acquisition, helping them take forward their international growth."
About the Sepura Group
The Sepura Group is a global leader in the design, manufacture and supply of digital radio products, systems and applications developed specifically for business and mission critical communications.
Founded in the UK in 2002, Sepura expanded rapidly across the world with a network of regional partners selling and providing local support for its products, and quickly achieved the status of market leader in over 30 countries.
The Sepura Group now includes Teltronic S.A.U., the Spanish Professional Mobile Radio (PMR) company; UK based Fylde Micro Ltd, leaders in radio trunking solutions, and Portalify, the Helsinki applications developer. Operating globally, and with a combined turnover of over €180m, the group has a product portfolio with the unique ability to offer TETRA, DMR, P25 and LTE system solutions.
These wide-ranging and complete solutions enable public safety organisations and users in commercial sectors - including transport, utilities, oil and gas, manufacturing, mining, hospitality and construction - to address the communications challenges they face on a daily basis.
*******
For Sepura Group media enquiries, please contact Jonathan Hamill on 01223 876 000
For Barclays media enquiries, please contact: Irene East on 01362 858454 / Irene.east@barclays.com
For Santander Corporate & Commercial media enquiries, please contact:
Bijal Tanna 020 7756 4189 Mobile: 07860 259 217
For HSBC Commercial Banking media enquiries please contact Steve Gracey on 020 7991 4118 or 07920 413401
The Santander Corporate & Commercial press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.
The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.
__________________________________________________________