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Put your money in a market research report. Else public: "Hytera is the first Chinese PMR company to break out of its home territory and is now has customers in more than 120 countries and regions across the world. In China, Hytera's market share ranks 1st among Chinese manufacturers; globally Hytera has reached the 2nd in Overall Terminal category." "Since launching PD7 series as the first members of its DMR portfolio in 2010, Hytera has driven a massive analog-to-digital migration among two-way radio users across the world, and kept promoting the European Telecommunications Standards Institute (ETSI) DMR open standard by introducing new terminals, infrastructures and applications. Hytera vigorously invests in R&D, propelling itself to be No. 1 in DMR Tier III with 65% market share and No. 2 in DMR terminal in general among all PMR brands." Germany Regulator's requirements for filing for approval: A concentration is subject to German merger control, if in the last completed financial year preceding the transaction all of the following criteria were met: The combined worldwide turnover of all participating undertakings exceeded EUR500 million. The turnover of at least one participating undertaking exceeded EUR25 million in Germany. The turnover of at least one other participating undertaking exceeded EUR5 million in Germany. Foreign-to-foreign mergers are also subject to German merger control, provided both: The above turnover thresholds are met. The proposed concentration will have an appreciable effect in the German territory. In most cases a concentration will be deemed to have an appreciable domestic effect if the turnover thresholds are met. Spain Regulator's requirement: The CNC must be notified if either (LDC): The concentration leads to an undertaking acquiring or increasing a market share of 30% or higher of the national market (or of a geographical market defined within the national market) for a product or service. However, a de minimis exemption applies if: the turnover of the acquired undertaking in Spain does not exceed EUR10 million; and the concentration does not lead to acquiring or increasing a market share of 50% or higher in the relevant product or service market or in any other market affected by the concentration. The annual turnover of all undertakings concerned by the concentration in the last accounting year exceeds EUR240 million in Spain, and at least two undertakings concerned each have a turnover in Spain of more than EUR60 million. The market share threshold also applies in situations where the acquiring undertaking has no turnover in Spain. Therefore, this threshold can be triggered regardless of whether the undertakings concerned by the concentration have turnover in Spain. Foreign-to-foreign transactions must be notified in Spain if any of the two thresholds above are satisfied.

Why them? I'm reading loads of conjectures here about Germany and Spain reasons to review. Ridiculous. There's no conspiracy and no political interference here. And surely nothing to do with Brexit. It is a matter of laws. Hytera EMEA is headquartered in Germany, and is a market leader in Germany national market, and Sepura owns Teltronic S.A.U., which is Market leader in Spain national market. Hence.

I'm not invested anymore but still following and may get back in ...

I've seen Oddo cover Thales too in their analysts' reports, though can find evidence of them being invested in Thales. Thales could have interest in SEPU. I'm maybe just trying to find what I want to find :) but the moves by ODDO in SEPU are interesting.

Airbus Group as major Tetra player you can find it from just googling for it. OR from the report I mention in my other post. RE Oddo, they are a Fund management company with Airbus being a key component of their funds - if you browse their funds you'll find it, closure of 2015 they had 1.5M€ in Airbus

Mmh. Oddo owns a big stake in Airbus ... Airbus is a MAJOR Tetra player...

even larger!! How did they manage to ruin a company this successful. No wonder the CEO has been removed on claims of health issues... See how many paragraphs of this report are dedicated to SEPU! prnewswire.com/news-releases/global-tetra-terminal-industry-300381439.html LONDON, Dec. 19, 2016 /PRNewswire/ -- This report analyzes the worldwide markets for TETRA Terminals in Units. The Global market is further analyzed by the following End-Use Industries: Transport, Public Safety, Utilities, and Others. The report provides separate comprehensive analytics for the US, Canada, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2015 through 2022. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 23 companies including many key and niche players Table 2: Global TETRA Handset Market by Leading Players (2014): Percentage Breakdown of Installed Base of TETRA Handsets in Operation for Airbus Defence and Space, Motorola Solutions Inc., Sepura PLC, and Others (includes corresponding Graph/Chart) II-10 Sepura Augments Global Leadership through Strategic Takeovers II-10 Table 3: Sepura Takes the Top Spot in Global, German and the UK Markets (2015) (includes corresponding Graph/Chart) 5. RECENT INDUSTRY ACTIVITY II-37 Sepura Takes Over Teltronic II-37 Sepura, 1-2-3 Communication Supply TETRA Terminals to Subsea 7 North Sea Spoolbase II-38 Selectric, Sepura Secure Supply Contracts from Straubing and Passau Fire Brigades II-38 Brazilian State of Sergipe Selects Sepura Group's TETRA II-38 Lodz, Krakow and Szczecin Police Forces Choose Sepura's TETRA Technology II-38 Lokale Politie Antwerpen Police Forces Selects Sepura STP9000 Handheld Radios II-39 Fortescue Metals Group Selects Sepura TETRA Radios for Long Haul Railway Radio Network II-39 Sepura Takes Over Portalify OY II-40 Sepura Partners Inks Exclusive Infrastructure Agreement with Damm Cellular for North American Market II-40 Sepura Completes BDBOS interoperability Tests of TETRA Systems for BOS-net