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Announced

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Charterhouse Capital Partners-backed Telio Group completed the acquisition of Synergy Technology Solutions.

Synopsis

Charterhouse Capital Partners-backed Telio Group, a provider of technology solutions for correctional facilities, completed the acquisition of Synergy Technology Solutions, a company that provides of correctional telecommunications solutions in Canada and the United States. Financial terms were not disclosed. “I am very glad that we are taking this important step across the Atlantic in our anniversary year. The Telio philosophy is massively advancing the culture change already launched in the US. The ultimate goal of any prison, and also of our product portfolio, is to prepare inmates for a new life free of crime and to help them stay in touch with their families while incarcerated,” Oliver Drews, Telio Group CEO.

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