Nazca Capital has acquired 100% of TELTRONIC, a leader in critical communication systems, marking the first investment of its Aerospace and Defense Fund INNVIERTE I FCR.

Target Company Overview

TELTRONIC, headquartered in Zaragoza, has 50 years of experience in the design and operation of critical mission communication systems. In 2024, the company reported revenues exceeding €80 million, achieving an average annual growth rate of over 12% in recent years, along with an EBITDA of €15 million.

Founded in 1974, Teltronic is a global leader in the design, manufacturing, and deployment of mission-critical communication equipment and systems. The company offers complete high-security communication solutions through private mobile networks for crucial sectors including defense, public safety, mass passenger transport, and critical infrastructures. Teltronic is equipped with proprietary technology capabilities that enable them to develop custom solutions based on TETRA, LTE, 5G, and 3GPP MCX applications.

Industry Overview in Spain

The communication technology industry in Spain has evolved significantly over the past few decades, driven by advancements in digital communication and the increasing need for secure a