Telent to acquire Â£45m-turnover Telindus
Telindus UK, a Surrey-based £45m-turnover ICT services company, is set to be acquired by technology services group Telent.
The deal would "significantly" increase Telent's ability to provide end-to-end ICT and IP networking services, the group said.
Based in Camberley, Telindus provides network infrastructure, data centre, security, professional and managed services. The company has an annual turnover of more than £45m, with customers including Virgin Media, Interroute and British Aerospace.
"Becoming part of the Telent group is an exciting new step for us and will significantly expand our sphere of activity, whilst contributing our expertise to Telent's overall offering in the marketplace," said Telindus managing director Marek Lowther.
"The combination will provide us with additional scale to address the UK market and open up significant opportunities for the combined business."
Telent chief executive Mark Plato added: "This deal represents an important step for Telent and will bring a transformational strengthening of our ICT capability.
"We have been investing in growing our capability in IP networking and in the delivery of end-to-end ICT solutions for some time now. The acquisition of Telindus takes us to another level, providing a step change in our core expertise and capabilities with key industry partners and introducing us to a range of new customers and markets."
Under the agreement, Telent will retain the Telindus' Camberley base to complement its existing research and development facilities in Warwick and London.
The deal is expected to complete over the coming weeks, subject to customary conditions.
Telent has revenues of more than £300m. It supplies a range of network and communications services to the likes of BT, Sky, Vodafone and Network Rail.