RSSLondon-based Private equity group Epiris acquired Sepura. The group’s Epiris Fund II purchased Sepura from Hytera Communications. Terms of the transaction were not disclosed.
Related Stories
L3Harris Awarded $93 Million MBTA Contract
Verizon Frontline Response Team Deployed Nearly 700 Times in 2022
The sale comes as critical communications supplier Sepura marks its 20th anniversary, having become a market leader in over 20 countries with more than two million devices deployed worldwide. Its portfolio of TETRA radios and accessories is used globally by public-safety users in the police, fire and ambulance services. It has also successfully expanded into the commercial space, supplying transport, mining, oil and gas, and utility companies.
“Sepura is in a unique position. It combines extensive public safety knowledge with strong intellectual property and an extensive UK-based R&D capability that consistently delivers best-in-class innovative products,” said Epiris Partner Ian Wood. “The company’s ability to develop new applications and devices that embrace emerging technologies and meet customer needs positions it to continue to succeed as a pioneer for many years to come.”
Steve Barber will continue to manage Sepura as CEO whilst Malcolm Miller, with whom Epiris previously worked with as chairman of Audiotonix, will join the company as non-executive chairman.
“With a growing portfolio of world-class critical communications products and a loyal global customer base, Sepura is well positioned to continue its sustained growth,” said Barber. “Epiris’ ownership will allow us to increase our investment in new products and technology, as well as expanding our reach into new markets. The strengthening of our leading portfolio of TETRA devices, as well as our emerging mission critical LTE portfolio, all based on our own IP, will spearhead our growth plans. It is a very exciting time for Sepura, our customers and our employees as we can now compete more effectively worldwide following our return to UK ownership.”
Would you like to comment on this story? Find our comments system below.
