At what enterprise value was TELTRONIC acquired in 2026?

You can find the full valuation details of TELTRONIC on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of TELTRONIC when it was acquired by AMPER?

The estimated EV/EBITDA multiple for TELTRONIC is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.3x. Join our community for free to access full valuation data and industry trends.

When was TELTRONIC acquired by AMPER?

TELTRONIC was acquired by AMPER in 2026.

What was the EBITDA of TELTRONIC during the acquisition?

TELTRONIC's EBITDA is estimated to be in the range of 10M - 30M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the TELTRONIC acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the TELTRONIC deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.nazca.es/en/noticias/amper-nazca-sale-teltronic-ddefence-security/

← DATABASE

Home Database TMT (Tech, Media, Telecom)TELTRONIC

05/2026

TELTRONIC acquired by AMPER

SPAIN Hardware & Electronics / IT Equipment EV 100M - 350M EUR

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.

Nazca Capital had previously taken control of the company through an LBO in 2025.

TELTRONIC, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2025

2024

Other operations with TELTRONIC

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
07/2025	NAZCA CAPITAL	TELTRONIC	SPAIN	Hardware & Electronics	Nazca Capital has acquired 100% of the capital of Teltronic from a subsidiary of the Chinese multinational Hytera Communications. This transaction marks the inaugural investment for Nazca's new fund, the Fondo Nazca Aeroespacial y Defensa INNVIERTE I FCR. The acquisition is strategically positioned to reinforce European technological sovereignty in the critical communications sector. By bringing Teltronic under Spanish ownership, the deal aims to provide Spanish and European defense and interior ministries with a trusted, sovereign technology provider, thereby reducing dependence on non-European entities for tactical military and national security communications. The investment from Nazca is intended to accelerate Teltronic's growth trajectory, both organically and through future acquisitions. The company's management team, led by its CEO, has backed the transaction, viewing it as an endorsement of their innovation-focused strategy. Key growth areas targeted post-acquisition include the public safety and mass passenger transportation markets, alongside a strategic entry into the defense sector, leveraging the company's dual-use technological capabilities.

REFERENCES

Valuation range: EV 100M - 350M EUR

EBITDA range: 10M - 30M EUR

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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: teltronic

Acquirer: amper