Spanish listed group Amper has signed a binding agreement with investment firm Nazca to acquire Zaragoza-based Teltronic, a specialist in critical communications. The transaction, valued at 225 million euros, represents a new change of ownership for the 412-employee company located in the Malpica industrial estate. Nazca had purchased it only in July 2025.
Mission-critical technology for Amper's future 🚀
Teltronic develops radio communication systems for sectors such as railways, defense, and emergency services. Its technology enables secure communications in hostile environments, using standards like TETRA and private 4G/5G. For Amper, this acquisition strengthens its presence in the critical infrastructure market, a segment with stable demand and long-term contracts. Integrating the workforce and R&D capabilities in Zaragoza will be the first technical challenge.
Change of owners: Teltronic's corporate saga 🔄
Teltronic changes hands as easily as changing a jersey in a football match. Nazca bought it in July 2025 and, just a few months later, has already sold it to Amper. The 412 employees must be wondering whether it's time to learn the anthem of the new ownership or simply rent an apartment near the headquarters to avoid getting lost in so much shareholder movement. At least the headquarters remains in Malpica.