Teltronic acquired by Amper
Context
Amper, S.A. has entered into a binding agreement to acquire full ownership of Teltronic from the private equity firm Nazca Capital. This transaction is a cornerstone of Amper's 2026-2028 Strategic Plan, representing a significant inorganic growth initiative. The primary rationale for the acquisition is to solidify Amper's position as a national leader in the defense and security communications sector. The integration of Teltronic is expected to yield substantial commercial and industrial synergies. Commercially, it will reinforce Amper's presence in key Latin American markets such as Brazil and Mexico, where Teltronic has an established footprint. Industrially, the deal provides Amper with a strategic platform for expansion into the North American markets, including the United States and Canada. The acquisition is structured with a combination of cash, the issuance of new Amper shares to the seller, and a contingent earn-out payment based on the future performance of the target. This strategic move substantially expands Amper's operational scope and technological capabilities in the high-growth area of mission-critical communications, aligning with its long-term vision.
In the past, Teltronic was acquired by Nazca Capital in 2025 as part of its expansion strategy.
Teltronic, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.
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Target
Teltronic S.A.U. is a Spanish technology company specializing in the design, manufacturing, and deployment of professional mission-critical radio communications systems and equipment. The company provides comprehensive solutions for sectors where reliable and secure communication is paramount, including public safety, defense, transportation, and utilities. Its product portfolio encompasses a wide range of technologies, including TETRA (Terrestrial Trunked Radio) and LTE (Long-Term Evolution) solutions, which are crucial for voice and data communications in complex operational environments. The firm's integrated approach covers the entire value chain, from research and development and hardware manufacturing to software development and system implementation. Teltronic offers end-to-end solutions that include infrastructure, terminals (handheld radios, mobile units), and control center applications. The company's systems are designed for high availability, robustness, and security to ensure seamless communication for police forces, firefighters, emergency medical services, and operators of critical infrastructure like railways, metros, and power grids. By focusing on private network deployments, Teltronic ensures dedicated and resilient connectivity for its clients' most demanding operational needs.
Ent. Value
€100–350M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
5x–12x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Teltronic
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2025 | NAZCA CAPITAL | TELTRONIC | SPAIN | IT Equipment |
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REFERENCES
Valuation range: EV €100–350M
EBITDA range: €10–30M
EV/EBITDA range: 5x - 12x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Teltronic by Amper are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: teltronic
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