Telent’s acquisition by larger peer M Group has closed following regulatory approval.
Despite being best known for its critical digital infrastructure prowess, Warwick-based Telent has a foot in the enterprise IT resell world thanks partly to its 2016 acquisition of HPE partner Richardson Eyres.
It ranked tenth in the recent Oxygen 250, with fiscal 2024 revenues of £460.7m.
CVC-backed M Group said the deal will “strengthen longstanding relationships with shared customers and accelerate the Group’s ambitious growth plans”.
It will boost its pro-forma revenue to over £3bn.
“Together, we are greater than the sum of our parts,” stated M Group CEO Andrew Findlay.
“Telent’s 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.”
Originally announced in April, the deal ranked among the first-half’s largest involving UK channel partners.
Telent CEO Jo Gretton said: “We 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.”
The duo will now enter a period of integration, Findlay confirmed.
