RSSFollowing final approval from the U.K. government, Hytera Communications completed its acquisition of Sepura, and Sepura shares have been delisted from the London Stock Exchange.
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The companies first announced the US$92 million acquisition last December. The completion of the transaction follows an announcement from the U.K. government that it would not refer its review of the acquisition to a second phase of review by the U.K.’s Competition and Markets Authority.
"Adding the Sepura Group complements our strengths in technological innovation, especially in TETRA, along with adding sophisticated engineering talent and an experienced operating team," said Qingzhou Chen, founder, chairman and president of Hytera. “Sepura and its subsidiaries provide Hytera greater market share in the U.K., Europe and North America, as well as strong channel partnerships through a worldwide dealer network.”
Hytera's acquisition of Sepura adds about 700 professionals and staff to Hytera's organization, along with research facilities and offices in Cambridge, United Kingdom; Zaragoza, Spain; and Helsinki, Finland.
Sepura purchased Spanish professional mobile radio (PMR) firm Teltronic in 2015 for US$144.5 million through a partial draw down of a new debt facility of US$136 million. Sepura markets mobile communications solutions under the PowerTrunk brand in North America. Sepura also owns Helsinki, Finland-based applications developer Portalify.
Established in 1993 in Shenzhen, China, Hytera Communications’ more than 7,000 employees serve organizations in more than 120 countries. In 2016, both Hytera and Sepura provided PMR solutions for event management and public safety at the 2016 Olympic Games in Brazil. Hytera will provide similar PMR communications solutions for security and event management for the 2018 World Cup in Russia.
Qingzhou Chen will visit Sepura's offices in the U.K. and Spain in June to deepen relationships with key management and to meet personnel. "Hytera has tremendous momentum in the marketplace," he said. "Last year, we became the second-largest PMR communications provider in the world, and we believe there remain excellent prospects for growth in key markets. As we add Sepura's technical talent, market reach, and relationships to Hytera's own, we believe the future is full of promise."
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