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Private equity owned M Group announced in April that it had agreed a deal to buy Telent; with regulatory approvals now attained, the transaction has completed
Telent鈥檚 拢500m annual revenues come from a range of activities related to the installation and service of broadband telecoms and digital infrastructure systems 鈥� including connecting traffic lights and CCTV cameras to traffic controls centres. M Group does the civil engineering associated with these systems.
M Group chief executive Andrew Findlay said: 鈥淭ogether, we are greater than the sum of our parts. Telent鈥檚 differentiated capabilities, market position and the talented people that make it a great business, makes us even better placed to deliver essential infrastructure services for life for our clients, communities and the planet.鈥�
Telent chief executive Jo Gretton said: 鈥淲e are looking forward to exploring the opportunities this acquisition brings, building on our excellent reputation and continuing to be a trusted partner for organisations at the forefront of the digital revolution.鈥�
Dominic Murphy, managing partner and co-head of the UK team at CVC, which controls M Group, said: 鈥淭his latest acquisition will transform M Group鈥檚 digital and technology capabilities and accelerates its growth momentum.鈥�
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