Madrid, 21st July 2025.- NAZCA CAPITAL, a leading Spanish investment firm with over 25 years of experience and specialized in unlisted Spanish SMEs, has signed with HYTERA COMMUNICATIONS the acquisition of 100% of the capital of TELTRONIC, a Spanish technology company with 50 years of experience in the design and operation of private mission-critical communications systems. This is the first operation of the Fondo Nazca Aeroespacial y Defensa INNVIERTE I FCR.
Founded 1974 in Zaragoza (Spain), Teltronic is one of the world leaders in the design, manufacturing, and deployment of mission-critical communications equipment and systems, providing comprehensive high-security communications solutions over private mobile networks to in critical fields such as defense, public safety, mass passenger transportation or critical infrastructure. Teltronic has proprietary technological capabilities to develop customized solutions on TETRA, LTE, 5G technologies, and 3GPP MCX applications.
The company has production facilities in Zaragoza with over 4,000 square meters dedicated to the manufacture and assembly of its own electronic equipment, with a vertical integration that allows it to provide high value-added services to its customers. Teltronic has invested close to €40 million in R&D over the last five years, making constant innovation the driving force behind its development. Besides, it has 400 employees, 125 of whom are dedicated to R&D. Its capabilities have enabled Teltronic to operate in over 60 countries, with direct presence through subsidiaries in the US, Canada, Colombia, Mexico and Brazil.
NAZCA’s investment was backed by the company’s management team, led by CEO Juan Ferro, who stated: “Nazca’s entry represents an important endorsement of our strategy of constant innovation and will allow us to accelerate our growth, both organically and through acquisitions, in critical sectors such as public safety and mass passenger transportation, while allowing us to enter the defense sector”.
Carlos Carbó, NAZCA’s Chairman, confirms that: “This investment reinforces Europe’s technological capabilities in the management of dual-use mission-critical communications, as it will allow the Spanish and European Ministries of Defense and Interior to rely on sovereign technology and thus reduce dependence on third parties in the fields of tactical military communications or mission-critical communications for national security and law enforcement forces”.
Agnia Capital, Grant Thornton, KPMG, Oliver Wyman, and Uría Menéndez advised NAZCA on this deal and Garrigues advised the sellers.