Cuatrecasas has advised Amper on the acquisition of Teltronic from Nazca Capital

Cuatrecasas has advised Amper on the signing of a binding agreement with the investment fund Nazca Capital for the acquisition of 100% of Grupo Teltronic, a leader in communications for defence and security. The total value of the transaction could reach approximately €225 million.

In addition to reflecting the search for a stable and long-term partnership between both companies, the transaction is a key step in positioning Amper as a relevant player in the defence industry, contributing to the implementation of Spain’s Defence and Security Strategy and strengthening its strategic autonomy.

Once the process is completed, Amper will integrate Teltronic’s capabilities into a Spanish company with a relevant position as a Tier 1 player in national defence and security, with proprietary dual-use technologies. Amper will become a leader in Spain in defence and security communications and a significant player in Europe.

From a technological, industrial, and geographic perspective, the transaction is also expected to generate highly relevant commercial, technological, and operational synergies, consolidate Amper’s strong position in key markets such as Brazil and Mexico, and enable its entry into others such as the United States and Canada.

A leader in dual-use technological capabilities

Amper, a business group with 70 years of history—40 of them listed on the Spanish continuous market—has a significant international presence in more than 20 countries and is a leader in dual-use technological and industrial capabilities for the defence and national security, energy, and sustainability markets.

The Cuatrecasas team responsible for the advisory work was composed of lawyers Roger Freixes and Santiago Bayo (Corporate), Alejandro Auset (Public Law), and Martí Adroer (Tax). Roger Freixes and Santiago Bayo commented: “This highly sophisticated transaction, which combines elements of both private and public M&A, across multiple jurisdictions, is a clear example of the dynamism and vitality of the Spanish dual-use technology industry.”