As one of the most active consolidators within the UK telecoms market, Alderley Edge based Chess Telecom has acquired the customer base of Intelligent Networks Ltd (INW), adding over £1m to its annual turnover.
Sandbach based INW is the 47th acquisition for Chess in the past six years.
Tim Mears, Director of INW, said "Chess has a proven track record of making successful acquisitions so it seemed only natural that we approach them first. It was clear early on that this flexible deal would give the best value for us, and more importantly, be a great choice for our customers."
Last month Chess published their financial results which again showed a strong trading performance - with a 51% increase in profits compared to 2009.
Richard Btesh, Chess Director said "Our acquisition list continues to grow through 2010. Continued market consolidation and our reputation ensures we are able to maximise our potential."
Knight Corporate Finance advised INW on the transaction, Director Paul Billingham commented "Chess were ideally placed to acquire the INW base and both parties are delighted with the transaction."
Established in 1993, Chess now employs over 120 people in Alderley Edge.
