This Research Note examines the acquisition of UK smart buildings integrator, Ideal Networks, by Telelink Business Service Group, a listed Bulgarian IT/OT technology infrastructure provider, now rebranded as Enlayer.  We explore the transaction details and the strategic rationale of the acquirer before commenting on the role of IT managed service firms in the smart buildings landscape. Transaction Details On 15th July 2026, Telelink Business Services completed the acquisition of 100% of the share capital of Ideal Group Holdings Limited and its operating subsidiary, Ideal Networks Limited. The aggregate total consideration was £14.6 million. The acquisition is financed through a bank term loan facility of €12 million, with the balance funded from the Company’s own resources. In 2025, Ideal Networks generated revenues of £11.81 million (€13.78 million) and normalised EBITDA of £0.95 million (€1.11 million). Strategic Rationale The strategic acquisition of Ideal Networks establishes a direct presence in one of Europe’s most advanced technology markets. The […]