Telelink Business Services (TBS) said on May 22 that its supervisory board has approved plans to acquire majority stakes in five ICT companies in the United Kingdom, Sweden and Romania, with total consideration of up to €42.3mn.

The board authorised the executive director to proceed with the transactions and arrange the necessary financing, the Bulgarian IT services company said in a press release.

The planned acquisitions include a 100% stake in a UK-based company, with up to 70% of the payment to be financed through a bank investment loan.

In Sweden, the group plans to acquire 51% of a company through a share purchase agreement followed by a capital increase.

In Romania, Telelink intends to submit a binding offer for three companies under common ownership and, subject to acceptance, acquire full ownership of all three entities.

The five target companies operate across a broad ICT portfolio, including private communication networks, data centres, cloud services, enterprise resource planning (ERP), customer relationship management (CRM) systems, IT automation and artificial intelligence solutions.

The companies generated combined revenue of around €28.8mn and EBITDA of approximately €4.7mn in 2025, according to Telelink.

The total purchase price may reach up to €42.3mn, with €33.6mn expected to be paid upfront by the end of 2026. The remaining amount would be structured as conditional deferred payments over 2027–2029.

The combined net cash position of the target companies is estimated at €3.1mn at the time of acquisition, subject to adjustments based on final financial results and transaction terms.

Telelink said none of the agreements have been signed, the Romanian offer has not yet been accepted, and no binding commitments exist at this stage. Completion of each transaction remains subject to regulatory approvals and other closing conditions.