Sepura plc, a communications technology business listed on the London Stock Exchange, has said it is in talks with China’s Hytera Communications Corporation over a possible take-over offer.
The company, which is based at Cambridge Research Park, specialises in the design and manufacture of digital-radio products, systems and applications developed specifically for critical communications. Its ‘walkie-talkies’ are used by many emergency services across the world.
It has confirmed that it is in preliminary talks with Hytera regarding a possible offer, but added that there can be “no certainty” that an offer will be made.
London Stock Exchange rules require Hytera to announce a firm intention to make an offer or pull out by 5pm on 2 December.
Sepura has warned in recent months that it will be unable to meet its earnings target for the current financial year. Last month, it appointed Alan Lovell as chairman and David Barrass as interim chief executive.
It recently confirmed that it has won contracts worth 2 million euros from Astrid — the body responsible for Belgium’s public-safety network.
Mr Barrass said: “These contracts are a strong sign of the public-safety sector’s continued faith in Sepura and our continued capability to deliver innovation and excellence in critical communications.”