Business · Companies · 13 hrs ago
Amper completes purchase of Teltronic in deal worth up to €225 million
Amper has completed its purchase of Teltronic from investment firm Nazca Capital in a deal worth up to €225 million.
Teltronic, based in Zaragoza, makes secure communications equipment for defence and other uses.
The deal values Teltronic at €155 million, with up to €45 million in additional payments tied to targets and Amper taking on €25 million of debt.
Amper will pay €111 million in cash and the rest of the €155 million valuation through new shares.
Nazca now owns 7.75% of Amper, while public-private investor Cofides will hold 32% of the subsidiary used for the purchase.
Nazca bought Teltronic from China’s Hytera in July 2025, and Amper says the acquisition will strengthen its position in defence and security communications in Spain and overseas.
Amper has completed its purchase of Spanish secure-communications company Teltronic in a deal valued at up to €225 million.
Teltronic was valued at €155 million, with up to €45 million in performance payments and €25 million of Teltronic debt assumed by Amper.
The purchase was made through Amper Comunicaciones Críticas y Tácticas, a subsidiary partly owned by Cofides.
Nazca Capital received new Amper shares and now controls 7.75% of the company.
Amper said the acquisition strengthens its position in defence and national security communications.
- Who
- Amper bought Teltronic from Nazca Capital. Cofides also participated in the deal.
- What
- Amper completed the purchase of Teltronic in a deal valued at up to €225 million.
- When
- October 30, 2026.
- Where
- Teltronic is based in Zaragoza, Spain.
- Why
- Amper said the purchase advances its growth strategy in defence and strengthens its position in communications for defence and national security.
This story does not have two clearly opposing sides.
Nazca bought Teltronic from China's Hytera Communications.
Amper's shareholders approved the capital increase used to issue new shares as part of the purchase payment.
Amper announced that it had completed the purchase of Teltronic.
- Deal value
- Up to €225 million
- Teltronic valuation
- €155 million
- Performance payment
- Up to €45 million
- Teltronic debt assumed
- €25 million
- Nazca's stake in Amper
- 7.75%
What people are saying
The incorporation of Nazca into Amper's shareholder base strengthens the link between the two entities and their commitment to developing a long-term industrial and technological project that contributes to implementing Spain's National Defence and Security Strategy and its strategic autonomy.
The integration of Teltronic will allow Amper to consolidate a leading position in Spain in communications for Defence and National Security and strengthen its presence in the European and global markets.