Expanding mobile, telephony and connectivity specialist, "The Technology Group" is moving forward with its plans to hit a £15 million turnover by 2022 with new acquisitions. Recently, the company announced the acquisition of York Telecoms company "Local Telecom Service." LTS is a family-run business telecoms provider in York.
The price of the acquisition has not been revealed, but The Technology Group have said that the purchase should add another £1.5 million to its turnover. Additionally, the eight people in the LTS team will be remaining in the York office, with the Local Telecom Service brand.
According to the Acquisitions Director for The Technology Group, David Marsden, LTS is a fully established and respected business with a strong consumer base and strong team.
Merging The Technology Group with LTS
Marsden has reassured the 400+ customers currently connected with LTS that things will remain the same after the acquisition. The clients will continue receiving the excellent service and support levels that they expect; from the people, they feel comfortable with. Additionally, they will also have access to new tech innovations, a more extensive product portfolio and a broader range of technology resources and knowledge.
The Technology Group believes that this is an excellent opportunity to bring more fantastic people into their team and attract new customers to the business. They also think that LTS will add a product that garners a lot of respect to their portfolio. LTS is a partner with Panasonic Solutions, which expands the Technology Group's portfolio.
The former director for Local Telecom Service, Mark Mills noted that the company felt a strong synergy with The Technology Group from the moment they first met. LTS is confident that the business will look after their team and customers going forward.
David Marsden[/caption]
