Chess revenues boosted by £21.8 million with Lanway acquisition

0
3228

Burnley-based Lanway specialises in cloud and data storage products

Chess is to boost its revenues by £21.8 million following the acquisition of ICT company Lanway.

The acquisition (fee undisclosed) announced today (June 1) will see the £74 million turnover Chess increase its staff numbers from 450 to 550, adding Lanway’s customer base of 550 in the process. All of Lanway’s 100 staff members will remain at the Burnley office. A spokesperson confirmed branding will gradually be merged into Chess’.

Lanway has been operating since 1991 and currently specialises in cloud, storage, networking and data security products. It recorded £21.8 million turnover in the last year.

Chess director Richard Btesh said: “This acquisition of Lanway shows other potential sellers in the telecoms, data and ICT sector that Chess remains the stand-out choice for those selling all or part of their business. We’re ready and waiting to take advantage of the consolidation of customers and relationships “

This is the latest in a series of acquisitions over the last years, including Pinnacle, Parachute, IT, ebilz, Integra ICT, Avenir Telecom and the CRM Business. Chess has acquired more than 80 businesses over the last decade.

NO COMMENTS

LEAVE A REPLY