Hytera sells Teltronic to Nazca Capital

Nazca Capital, a private equity fund manager focused on investing in unlisted medium-sized Spanish companies, has signed an agreement with Hytera Communications to acquire 100% of the capital of Teltronic — a Spanish technology company with over 50 years of experience in the design, manufacture and operation of private mission-critical communication systems.

Founded in 1974, Teltronic is a leading provider of comprehensive high-security communications solutions for critical fields such as public safety, mass passenger transport and critical infrastructure. The company has its own technological capabilities to develop customised products and solutions based on TETRA, LTE, 5G and 3GPP MCX applications, and has deployed more than 5000 projects in over 60 countries.

Nazca Capital acquired Teltronic from a subsidiary of Hytera Communications, which purchased Teltronic as part of its 2017 acquisition of the Sepura Group (Sepura had purchased Teltronic back in 2015). Now under 100% Spanish ownership, the company will maintain its organisational structure, with Nazca Capital having expressed its confidence in Teltronic’s business model, the experience of its team and its management capabilities.

“Nazca’s entry represents an important endorsement of our strategy of constant innovation and will allow us to accelerate our growth, both organically and through acquisitions, in critical sectors such as public safety and mass passenger transportation, while allowing us to enter the defence sector,” said Teltronic CEO Juan Ferro.

“This is a continuity operation that strengthens our business project without altering our identity or values.”

The move will allow Teltronic — which has invested close to €40 million in research and development over the last five years — to boost its current R&D lines, which currently focus on integrating broadband solutions and applications such as artificial intelligence, IoT, big data and cybersecurity into mission-critical environments. The company is also advancing its FRMCS (Future Railway Mobile Communication System) solution, which will further strengthen its leadership in the railway transport market.

Carlos Carbó, President of Nazca, concluded, “This investment reinforces Europe’s technological capabilities in the management of dual-use mission-critical communications, as it will allow the Spanish and European Ministries of Defense and Interior to rely on sovereign technology and thus reduce dependence on third parties in the fields of tactical military communications or mission-critical communications for national security and law enforcement forces.”

Image courtesy Teltronic.