LONDON -- telent plc (LSE: TLNT) today announced that it has agreed terms for the sale of its facility in Backnang, Germany for €22.6m (£15.4m).

The Backnang facility was retained when telent sold its telecommunications equipment and international services business to Ericsson in January 2006 with Ericsson taking a lease over around 90% of the facility and telent ‘s retained German business utilising the remainder of the facility.

KEV Germany 4 S.A., an associate of Kenmore Property Group, will pay €22.6m (£15.4m) net in cash at completion (conditional on satisfaction of customary local requirements and currently anticipated to occur during May 2007) for the entire facility, which will continue to be the principal location for telent’s German business under the terms of a ten year lease. The book value of the asset to be disposed of was €8.2m (£5.5m) at 30 September 2006. The proceeds will be retained in the German business pending completion of the ongoing review of the Group’s German pension legacy liabilities.

The disposal reflects the Group’s focus on its core activities of the provision of technology services, reducing its exposure to investment in non-operational real estate.

telent plc (London: TLNT)