Telelink Business Services completed the acquisition of 100% of the share capital of Ideal Group Holdings Limited
Telelink Business Services Group Completes Acquisition of Ideal Group Holdings in the United Kingdom
Sofia, 15 July 2026 — Telelink Business Services Group AD (the “Company”) today announced that it has signed and, immediately upon signing, completed the acquisition of 100% of the issued share capital of Ideal Group Holdings Limited, a company incorporated in England and Wales. With the transaction closed, the Company has acquired sole ownership and control of Ideal Group Holdings and its operating subsidiary, Ideal Networks Limited (together, the “Target Group”).
The acquisition marks a significant milestone in the Company’s international growth strategy and represents a meaningful entry into the United Kingdom’s information technology and cybersecurity market.
A Strong, Debt-Free UK Technology Business
Based in Brighton, the Target Group delivers advanced information technology solutions for enterprises and for large buildings and workplaces, spanning networks and connectivity, cybersecurity, and artificial intelligence. The business operates principally in the United Kingdom.
In 2025, the Target Group generated revenues of GBP 11.81 million (EUR 13.78 million) and normalised EBITDA of GBP 0.95 million (EUR 1.11 million), ending the year with cash at bank and in hand of GBP 2.89 million (EUR 3.31 million) and no financial debt.
Transaction Structure and Consideration
The shares were acquired from the founders of the Target Group, together with a group of option-holders from the Target Group’s management, whose share options were exercised immediately prior to completion. The acquisition was effected through two interdependent share purchase agreements — one with the Sellers and a related agreement with the option-holders — signed and completed simultaneously.
The aggregate total consideration for 100% of the issued share capital of the Target was GBP 14,571,524.71. The price was agreed on a locked-box basis by reference to the Target Group’s audited accounts as at 31 December 2025, with customary protection against leakage of value in the period leading up to completion. The Sellers provided warranties, a tax covenant, and indemnities in favour of the Company, subject to agreed limitations, and the Company has taken out a buy-side warranty and indemnity (W&I) insurance policy in respect of the transaction. The agreements are governed by the laws of England and Wales.
The acquisition is financed through a bank term loan facility of EUR 12,000,000, with the balance funded from the Company’s own resources.
Strategic Rationale
The acquisition is strategically aligned with the Company’s growth strategy and establishes a direct presence in one of Europe’s most advanced technology markets. Telelink Business Services Group expects the transaction to create value through synergies with its existing operations, combining the Target Group’s UK market position and technical expertise with the Company’s broader regional capabilities in networks, cybersecurity, and enterprise IT.
This announcement is disclosed pursuant to Art. 17 § 1 of Regulation (EU) No 596/2014 (Market Abuse Regulation) and Art. 100r of the Bulgarian Public Offering of Securities Act.
