Sepura has completed the acquisition of Teltronic, the Spanish professional mobile radio (PMR) company, it announced today (27 May 2015).
The combined complementary product offering, market reach and geographical remit of the two organisations will enhance the Sepura group’s position as a leading global provider of critical communications solutions for the PMR market and help the new enlarged group to meet its core strategic objectives.
The acquisition aims to accelerate the group’s market diversification strategy and enhances its product offering, and technical breadth, whilst delivering financial enhancement to its shareholders.
In particular, the enlarged group will command an increased share in its existing vertical and geographical markets, and accelerate its entry into new markets. The combination of Sepura’s complete solution portfolio and Teltronic’s network infrastructure will also enable the group to achieve leadership in TETRA with a broader infrastructure offering.
Gordon Watling, CEO for Sepura, commented: “This is a highly complementary and transformational acquisition which will be immediately earnings-enhancing. It 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, growing our footprint in Latin America and strengthening our existing presence in North America, specifically the US; whist expanding and diversifying our revenue streams accordingly.”
Watling concluded: “As the number and scale of digital radio networks around the world increases, we will have the breadth of portfolio and financial strength to compete for a significantly larger number of new contracts globally.”
Teltronic provides complete wireless voice and data communications solutions, including infrastructure, terminals and software, principally for customers in public safety and the transportation and utility sectors. Teltronic operates in over 50 countries serving customers based primarily in Latin America, North America and the EMEA region.
Sepura is a leading global provider of critical communications solutions for the PMR market. The Sepura Group designs, manufactures and supplies digital radio products, systems and applications that are used by a wide range of public safety and commercial organisations.
The Group’s strategy is to expand its addressable market through organic product development and the acquisition of complementary products and technologies. Since its incorporation in 2002, Sepura has expanded globally to become a market leader (in terms of the supply of hand-portable TETRA terminals) in over 30 countries, with a network of regional partners that sell and provide local support for its products.
See also: Sepura to buy rival PMR radio manufacturer Teltronic for £94.2m