Bolton business communications specialist Telesis has completed the acquisition of Manchester based Digital Telecom Airtime, with funding for the deal being provided by the Royal Bank of Scotland corporate transactions team.
The acquisition enables Telesis to strengthen its existing business and increases their turnover to over £9 million and its staff numbers to 52.
Christian Bleakley, director of Telesis said: “Digital Telecom Airtime is an excellent addition to the Telesis group and forms a key part of our future growth plans. The business is perfectly located and has a great team that use advanced technology that will complement our existing services and have real synergies with Telesis.
“We will retain the Digital Telecom Airtime brand and their staff working at the Radcliffe site who will now also become part of the Telesis group. We are really looking forward to working with the team.”
Based in Manchester, Digital Telecom Airtime was formed in 2005 as a business telecommunications provider. The company is a specialist in cloud telephony, using very advanced technology to provide support for services including calls and lines, telephone systems, broadband, NGNs, (Next-Generation Network) and SMS Services.
Telesis remains committed to growing the business through a combination of strategic acquisitions and organic growth and this agreement is the firm’s third acquisition in the last two years.
Established in 2009, the company is based in Bolton and in 2016 the business reported a turnover of £5 million, growing to £9 million as a result of its latest acquisition.
John Copping, regional head of the North and Scotland at the Royal Bank of Scotland corporate transactions team, added: “Telesis has a very strong strategy in place to develop the business and I am delighted to assist them with their continued growth with the acquisition of Digital Telecom Airtime.
“The firm is well on track to meet their growth target of achieving £10million turnover and already looking for future acquisition targets this year.”