Sepura confirms that the Secretary of State in the Cabinet Office has revoked the Final Order imposed on Sepura pursuant to section 27 of the National Security and Investment Act 2021. The original order was made by the then Secretary of State for the former Department of Business, Energy, and Industrial Strategy.
On 27 June 2024, the Secretary of State in the Cabinet Office revoked the Final Order following Sepura’s return to UK ownership. This has the effect of removing all the requirements that the Final Order placed on Sepura and its parent company meaning that the measures put in place are no longer considered necessary.
Sepura’s growth plans
Steve Barber, Chief Executive Officer at Sepura comments: “I am pleased to be able to confirm that the Final Order has now been revoked. Put in place back in 2022 as a result of our previous ownership structure prior to the acquisition by Epiris in July 2022, the Final Order imposed a number of restrictions on Sepura’s business including our supply chain options and engineering recruitment. Now that the order has been revoked, we have the ability to optimize our supply chain and recruit from a far wider pool of talented resource."
"Sepura has always been a flexible and dynamic global business that prides itself on responding to market forces and customer requirements. The revocation of the Final Order will further support Sepura’s growth plans as well as increase Sepura’s competitive position in markets across the world.”
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