Telesis swoops for neighbouring rival to create £9m turnover company
Bolton business communications specialist Telesis has completed the acquisition of Digital Telecom Airtime.
Funding to assist the deal has been provided by the Royal Bank of Scotland corporate transactions team.
The acquisition enables Telesis to strengthen its existing business and increases its turnover to more than £9m and their members of staff to 52.
Based in Radcliffe, near Bury, Digital Telecom Airtime was formed in 2005 as a business telecommunications provider.
It 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, Telesis is based in Bolton. In 2016 the business reported a turnover of £5m and this has now grown to £9m as a result of this latest acquisition.
Telesis supplies firms across the North West with bespoke communication packages covering all requirements including phone systems, calls and lines, mobile services, broadband, call recording, CCTV, VOIP (Voice Over Internet Protocol), connectivity products, engineering services as well as other add-ons.
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 at Digital Telecom Airtime and their customers. Once again the Royal Bank of Scotland has demonstrated their support and continued confidence in Telesis by funding this latest acquisition. John Copping has been very supportive. I am hoping to complete two further acquisitions this year and increase revenues even further to achieve £10million turnover.”
Christine Thorpe, former managing director of Digital Telecom Airtime, added: “I am delighted with the acquisition by Telesis and their commitment to ensure the continuity of staff relationships and further advanced support for our clients. I am also pleased to confirm that I will continue to be involved in the group to ensure a smooth transition for both staff and customers.”
John Copping regional head of the North and Scotland at the Royal Bank of Scotland corporate transactions team said: “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. Telesis is well on track to meet their growth target of achieving £10million turnover and already looking for future acquisition targets this year.”
Telesis was advised by David Thomas and Becky Garratt of Spencer Gardner Dickins tax structuring. Legal advice was provided to Telesis by Michael Welsh from Solutions Legal and to the Royal Bank of Scotland by Rob Fawke at Gunner Cooke.