Liquid Intelligent Technologies, a pan-African technology group, has entered into a definitive agreement to acquire Telrad, an Israeli-based technology company
This transaction brings together Telrad’s differentiated technology solutions with those of Liquids’ unique, integrated platform of digital infrastructure and services. Telrad’s technology solutions and extensive R&D capabilities, including two dedicated R&D centres, will complement Liquids’ offerings and support its long-term growth strategy.
The acquisition is expected to strengthen Liquid’s B2B product segments and its geographic reach, leveraging Telrad’s presence in 13 countries across the Middle East, South America, the USA, Eastern Europe and Asia.
Nic Rudnick, group CEO of Liquid, said, “Telrad’s advanced proprietary technology in areas including cyber security, data centres and wireless access technology will be a great asset to Liquid’s digital solutions. Together, we will be able to leverage our pan-continental infrastructure to scale innovative, technology solutions and expand the breadth of our digital services offerings across and beyond Africa.”
Telrad CEO Moti Elmaliach said, “Liquid has an incredibly strong track record of success and a rich history of innovation. We are excited to join forces and to leverage Liquid’s expertise across the full technology value chain, from the subsea cable to the last mile. This is an exciting step for Telrad, our team and the customers we serve.”
Many leading global technology companies have chosen Liquid Intelligent Technologies as their trusted partner to accelerate digital transformation and we look forward to delivering on this shared ambition together.”
The transaction is subject to customary closing conditions, including Telrad shareholder approval.