Telent’s CEO has hailed its sale to M Group as an “exciting new chapter” for the critical national infrastructure tech provider.
Having acquired HPE partner Richardson Eyres in 2016, Telent has one foot in the IT reseller world, but is best known for providing mission critical communications and network infrastructure to critical infrastructure organisations.
It ranked tenth in the recent Oxygen 250, with fiscal 2024 revenues of £460.7m.
Infrastructure services giant M Group said the deal will bolster its ability “to tackle the evolving challenges of the ageing infrastructure across the UK and Ireland”.
It will also boost its position with mutual customers including Transport for London (TfL), National Highways, Network Rail, Virgin Media O2, BT, EE and Openreach, M Group claimed.
The acquisition – which is subject to regulatory approval – will boost M Group’s pro forma revenue to over £3bn.
“Joining M Group marks an exciting new chapter for Telent, reinforcing our leading position in network and technology solutions,” Telent CEO Jo Gretton stated.
“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.”
Andrew Findlay, CEO of M Group, added: “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.”
