Tech consultancy acquires telecoms firm
A tech consultancy firm backed by the Northern Powerhouse Investment Fund (NPIF) last year has acquired Cheshire Business Services (CBS) as part of its ‘buy and build’ strategy.
Altrincham-based inTec Business Solutions has taken a controlling stake in the Stockport telecoms firm for an undisclosed sum.
The acquisition is in line with inTec’s strategy “to acquire a number of Telecoms resellers and overlay technology capabilities so that they can offer a broad range of services”.
Managing director Chris Jones will retain a shareholding in CBS, as well as his position in the business.
Operating since 2009, inTec describes itself as a ‘digital technology transformation business’. It secured £500,000 in investment from NPIF - Maven Equity Finance, part of the Northern Powerhouse Investment Fund, last year. NPIF now owns 25 per cent of the business.
inTec chairman Simon Howitt, said: “We are delighted that CBS, Chris and his team are joining the group.
“This is a well-run business, with terrific clients and Chris has built a strong team with a wonderful customer centric culture.
“Adding inTec’s skills and resources, on to what is already a great platform, will help take the business forward.”