The £3million acquisition will see Rochdale-based GP Telecom join the growing Elite Telecom portfolio, which also includes its European division, Elitetele.SA, based in Madrid.
GP Telecom is a successful and well-established telecoms solutions provider with an impressive client portfolio of over 2500 customers. The company, which includes Freetime Communications Ltd, YourCall and Gem Communications, will bring additional expertise to the Elite Group, taking the total number of staff to 120.
This is the largest acquisition to date for Elitetele.com Holdings PLC as the group, based in St Helens, pursues its current growth strategy. It is actively seeking other acquisitions and is currently in negotiations with another telecoms company. GP Telecom will continue to operate as a separate company within the group.
Managing Director Matt Newing says: “This acquisition is key to our future growth strategy and represents a substantial step forward for the Elite group. GP Telecom have in place an experienced, dedicated team which fully complements Elite. Additionally, they bring knowledge of products and services which will enable us to offer an enhanced portfolio to our customers.
“This is a fantastic opportunity for us. We have a clear vision for the future of the group and intend to continue our expansion both organically and through further acquisitions so that we can continue to deliver an excellent range of products and services in this competitive marketplace.”