Infrastructure services giant M Group has today announced a significant strategic acquisition, moving into the technology solutions market with the purchase of Telent, a leading provider of operational technology and digital solutions for critical national infrastructure across the UK and Ireland.1
Upon completion of the transaction, M Group will be significantly strengthened in its ability to address the evolving challenges posed by ageing infrastructure across the UK and Ireland. The acquisition combines M Group’s market-leading infrastructure service offering with Telent’s advanced technology and digital solution capabilities.2
Telent’s strong position in mission-critical communications, network infrastructure, and end-to-end cybersecurity services will substantially enhance M Group’s capacity to deliver integrated solutions across the telecom, transport, water, and energy sectors.3 Furthermore, it will expand M Group’s reach into attractive adjacent markets, including the public sector, defence, emergency services, and education.4
The integration of Telent into the M Group family is expected to strengthen existing long-term relationships with shared customers, including Transport for London (TfL), National Highways, Network Rail, Virgin Media O2, BT, EE, and Openreach.
The transaction is currently subject to regulatory approval.
Andrew Findlay, Chief Executive of M Group, hailed the acquisition as transformative:
“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.”
“Our ambitious growth strategy reflects a combination of organic and inorganic growth and this acquisition builds on our strong track record of strategic M&A. It will enable us to deliver even greater value and expertise to our clients and so help the people, communities and economies of the UK and Ireland adapt to a changing world.”
Jo Gretton, Chief Executive of Telent, expressed excitement about the future:
“Joining M Group marks an exciting new chapter for Telent, reinforcing our leading position in network and technology solutions.
“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.”
Dominic Murphy, Managing Partner and Co-Head of the UK team at CVC, the private equity firm that acquired M Group last year, commented on the strategic progress:
“Since CVC acquired M Group last year, the business has taken major strides forwards in the delivery of its ambitious strategy to strengthen its capabilities and enhance its solutions offering for clients.
“This latest acquisition transforms M Group’s digital and technology capabilities and accelerates its growth momentum, taking pro forma revenue to over £3 billion.”
The acquisition signifies a bold strategic move for M Group, positioning it as a more comprehensive provider of critical infrastructure services and solutions in the UK and Ireland.
