The WTS Group advised TELIO Management GmbH on the acquisition of Gerdes Communications GmbH, a provider of telecommunication services in penal institutions. In the context of the transaction, Telio was supported by an interdisciplinary transaction team of WTS. In addition to conducting financial and tax due diligence, the experts also assisted with the modeling of carve-out financials and provided support on financial and tax issues in the purchase agreement.
Telio is a leading global provider of telephony and digitization products for correctional facilities. The company operates in 22 countries and has a presence in more than 650 facilities. Telio, as a technical service provider, is constantly working to optimize the digitization of the international correctional system. The Telio Group's product portfolio makes an important contribution to improving all conditions and processes of a correctional facility and to the social reintegration of inmates.
About Gerdes Communications
Gerdes Communications is one of the largest providers of innovative solutions in the fields of communication and information technology for correctional facilities in the area of Germany, Switzerland, Luxembourg and Finland. Under the umbrella brand PriSec, the solutions meet the high security and surveillance requirements of the prison system.
Dirk Spalthoff, Partner (Financial, overall management)
Justus Quack, Senior Manager (Financial)
Dominik Eggert, Consultant (Financial)
Roland Holz, Partner (Tax)
Tobias Flacke, Director (Tax)
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