ICS Holding acquires telecom equipment maker Micran - paper
MOSCOW. March 20 (Interfax) - Russian information technology group ICS Holding is in the final stage of a deal to acquire Tomsk-based telecom equipment maker Micran.
"We recently entered the final stage of a deal to take over engineering company Micran from Tomsk. The company has unique know-how in the area of radio electronics, relay systems and test and measurement equipment that are used by telecom providers and developers of telecommunication equipment," ICS Holding head Alexei Shelobkov said in an interview with business daily Vedomosti.
The price of the deal has not been disclosed.
Research and manufacturing company Micran, founded in 1991, primarily manufactures telecom equipment, test and measurement microwave equipment and accessories, microwave electronics and modules, radar for navigation and security, mobile communication systems and integrated communication and automation solutions. The company's revenue jumped 66% to 7.38 billion rubles in 2023, EBITDA rose 10.2% to 1.49 billion rubles and net profit grew by 11.2% to 489.9 million rubles.
Information about Micran's shareholders is not publicly available. Newspaper Kommersant, citing sources, reported in February 2024 that Gazprom Tech, a division of gas giant Gazprom , had acquired 90% of Micran.
ICS Holding includes Yadro, Citadel, Kryptonite and Bureau 1440, a company that is creating a low Earth orbit satellite constellation to provide broadband data services with global coverage. The group's companies develop and manufacture telecom equipment, data collection, storage and analysis systems, information security systems, satellite systems, computer hardware, chips and other products.
Shelobkov said ICS Holding's revenue "significantly exceeded" 200 billion rubles in 2024.
Speaking about the prospects of an initial public offering, he said that it is more of a priority for the group to develop independently at this point. "This increases the speed of the business, growth of competencies and entry into new product niches," Shelobkov said. Nonetheless, he did not rule out that some of the group's companies might potentially carry out IPOs in future.
