M Group has announced the acquisition of Telent, a leading provider of operational technology and digital solutions for critical national infrastructure across the UK and Ireland.
M Group said the move will make it better placed to tackle the evolving challenges of the ageing infrastructure across the UK and Ireland, combining M Group’s infrastructure service offering with Telent’s technology and digital solution capabilities.
According to M Group, Telent’s differentiated position in mission critical communications, network infrastructure and end-to-end cyber security services, will materially enhance M Group’s ability to deliver integrated solutions across the telecom, transport, water, and energy sectors. The acquisition will also expand M Group’s reach into attractive adjacent markets, including the public sector, defence, emergency services and education.
The transaction is subject to regulatory approval.
Andrew Findlay, Chief Executive of M Group, said:
“This is a hugely transformative deal for M Group and I am delighted Telent is joining us.
“We recognise the strength of Telent’s differentiated capabilities, market position and talented people that make it a great business. With the acquisition of Telent, M Group will be even better placed to deliver essential infrastructure services for life.
“Our ambitious growth strategy reflects a combination of organic and inorganic growth and this acquisition builds on our strong track record of strategic M&A. It will enable us to deliver even greater value and expertise to our clients and so help the people, communities and economies of the UK and Ireland adapt to a changing world.”
Jo Gretton, Chief Executive of Telent, added:
“Joining M Group marks an exciting new chapter for Telent, reinforcing our leading position in network and technology solutions.
“Telent is a business with a long trading heritage and an excellent reputation. With M Group’s extensive infrastructure expertise and scale, we are well placed to accelerate our growth and continue to be a trusted partner for organisations at the forefront of the digital revolution.”
Dominic Murphy, Managing Partner and Co-Head of the UK team at CVC, said:
“Since CVC acquired M Group last year, the business has taken major strides forwards in the delivery of its ambitious strategy to strengthen its capabilities and enhance its solutions offering for clients.
“This latest acquisition transforms M Group’s digital and technology capabilities and accelerates its growth momentum, taking pro forma revenue to over £3 billion.”
