- Company News
- Corporate Finance
- Equity Research
- In Media
- M&A Know-how
- Macro and markets
- Market Snapshots
Europe’s leading provider of prison technology adds new detection and jamming offering
With its acquisition of French technology company KEAS, Hamburg-based company Telio is continuing to expand its offering for detection and jamming of mobile phones in prison environments. KEAS is one of the world’s leaders in innovative detection and jamming technology. The acquisition is part of the Telio growth strategy for becoming the world’s leading full-service provider of prison technology services.
Telio is currently active in 18 countries across Europe, the Middle East and Africa and offers technology solutions for prison inmate communication. Beginning last year, Telio has, among other things, been in charge of the installation of detection and jamming technology in French prisons.
‘KEAS is an ideal match for the Telio Group thanks to its pronounced expertise in technological research and development’, says Oliver Drews, Telio Managing Director, on the acquisition. ‘With our new colleagues from KEAS, we will set a new standard for detection and jamming and establish it worldwide through our Group,’ continues Drews.
KEAS, a French company established in 1980, is a provider of specialised technology for detecting and jamming mobile phones in prisons. The company additionally offers automated solutions for high-security environments, seismological sensors and specialised IT consulting services. All KEAS solutions are developed in-house and continuously updated to reflect technological progress. KEAS detection and jamming technology presently covers all mobile communication frequencies used commercially and is already prepared for the upgrade to 5G wireless.
‘By becoming part of the Telio Group, we are gaining the opportunity to offer our knowledge and products globally and develop custom solutions for our clients around the world’, remarks Jean-Marc Bouthinon, President of KEAS, on the acquisition.
The companies have agreed not to disclose details about the transaction.
Carlsquare acted as the exclusive financial advisor to Telio.
Telio is Europe’s leading provider of prison technology services. With more than 180 employees across 18 countries, Telio has been offering communication solutions for prison facilities and inmates for over 20 years. Telio currently serves over 600 institutions and 250,000 inmates.
KEAS – Konsortium Engineering Activities & Security – is one of the leading technology providers in the security industry. The employees of KEAS have developed and produced, among other things, security products for telecommunications, marine use, seismology and automation at their Saint-Ismier site for almost 30 years.
About Carlsquare and Globalscope
Carlsquare and the international M&A network Globalscope offer integrated cross-border M&A advice for medium-sized transactions. Carlsquare – a partner-managed corporate finance boutique – assists companies and their shareholders in achieving their strategic goals while ensuring the highest level of quality. Carlsquare is represented in Europe by 70 employees in Berlin, Copenhagen, Hamburg, London, Munich and Stockholm. Globalscope has 56 partner companies in 48 countries with over 600 professionals worldwide.