Leeds-based specialist takes over family-run York tech firm
A York telecoms solutions company has been taken over by a Leeds-based firm.
Established, family-run Clifton Moor business to business telecoms provider, Local Telecom Service (LTS), has been acquired by telephony, mobile and internet specialist The Technology Group for an undisclosed sum, with the acquisition set to add £1.5million to Leeds-based The Technology Group’s turnover.
Following the acquisition, the eight-strong LTS team will remain at the York office, operating under the Local Telecom Service brand.
Former LTS director Mark Mills said: “From the first meeting with David and Jonathan we felt there was a synergy between the two businesses, and we feel confident that they will continue to look after our team and customers and take the business forward. I’m sure an exciting future lies ahead for LTS staff and customers.”
David Marsden, acquisitions director at The Technology Group, commented: “LTS is an established and respected business with a fantastic team and a strong customer base. For the company’s 400-plus customers it will be very much business as usual: they will continue to receive the same high levels of service and support from the people they have built strong relationships with. Added to that, they will have access to a wider product portfolio, the latest technological innovations and the broader technical knowledge and resources that comes from being part of a wider group.
“For The Technology Group, this is a superb opportunity to bring more great people into our team, welcome fantastic new customers to the business and add a globally respected product to our portfolio. LTS is a Panasonic Solutions Partner, which will give our customers access to the latest Panasonic technologies alongside the systems we currently offer.”
The Technology Group is a £6.5million turnover telephony, mobile and internet services business, headquartered in Leeds with offices in London and Welwyn Garden City. The company has 39 staff, 900-plus customers, global telephony solutions in 22 countries and counts Sage PLC, Oxford College, Rugby School, the NHS and Yorkshire Wildlife Trust among its clients.