Deutsche Beteiligungs acquires Telio Group majority stake
December 02, 2015
Deutsche Beteiligungs will be acquiring a majority interest in telecommunications and software provider Telio Group through a management buyout. The company’s management will acquire additional interests as part of the transaction, which is expected to close by the end of 2015. Founded in 1998, Telio develops, installs and operates communications and media systems in prisons. The company expects to generate almost €30 million in revenue for 2015.