The Technology Group have acquired Hertfordshire-based telecommunications business, Exchange Comms, for an undisclosed sum.
The acquisition of Exchange Comms, a B2B telecoms services provider for over 25 years with more than 150 customers across the South East of England, will help increase our turnover to over £3.5 Million.
It will also enable us to strengthen our national presence and supply a greater number of clients with our telephony services, including our own “Private Hosted” VoIP platform.
As part of our strategy to expand our footprint throughout the UK and to provide dedicated support to our new Exchange Comms client base, we have opened a local office in Welwyn Garden City to complement our existing Leeds and Central London operations with which we have retained a number of Exchange Comms employees.
Jonathan Marsden, managing director at The Technology Group, says, “The acquisition supports our planned growth and is the next stage in our ambitious expansion plans to service a greater number of business customers across the UK with the economies of scale this brings.
“I believe the synergies between the two businesses, including a mutual supplier that helped facilitate the deal, will result in a seamless integration of the Exchange Comms team and services into the group.
“As an independent specialist in the industry, we have more control to deliver the best customer service to our clients.
“The acquisition of Exchange Comms will significantly increase our customer base and enhance our growing reputation at the forefront of the telecoms market.
“This is an extremely exciting time for The Technology Group. Our continued success and growing reputation are a testament to the talented team we’ve assembled and continue to invest in, which will now operate across three offices. We are primed now for further growth - both organically and via further acquisitions.”
David Mackinnon, a former director at Exchange Comms, added, “The Technology Group were highly recommended to us by a mutual supplier as a forward-thinking technology company looking to grow.
“As Bob and I are now both in our mid-sixties the time seemed right to slow down and pursue our other interests and as such, after careful consideration, we accepted an offer to sell the business to them.
“The Technology Group has a similar business ethos of exemplary customer service and a passion for excellence. I’m sure our customers will benefit from the acquisition and see a smooth transition over the coming months supported by our staff who will play a pivotal role in servicing our system maintenance contracts.”
I'm sure you can all join us in welcoming our new Exchange Comms customers to The Technology Group family. We are all looking forward to the future and the benefits our growth can bring to our clients and the technology solutions we provide.
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