IT and telecommunications firm Flotek Group has made its eighth acquisition since launching a year ago in April 2022. The Cardiff-based startup has bought Liberty Solutions in Swansea for an undisclosed sum as it continues its acquisition-fuelled growth. GS Verde Group advised on the deal.
The company has previously acquired Andover-based FlexiNet, Gower Business Systems, Plymouth IT firm MazingTree and Swansea's Cloud9ine Communications, as well as ECS Solutions, Saecom and Toolk-IT. It has now acquired Liberty Solutions, a telecommunications provider offering telephone systems, telephone lines and business broadband solutions for small and medium-sized enterprises.
Flotek chief executive Jay Ball said: “We are pleased that Liberty Solutions is now part of the Flotek family. They have been a trusted telecom provider for local businesses in and around South Wales, joining Flotek means customers will now benefit from Managed IT & Cybersecurity services from one technology provider.
“Having completed 8 acquisitions in 12 months, we now have 4 Swansea bases as well as multiple locations in England. Expanding our market share so rapidly in such a short period of time has been a great first step in our long term growth strategy.
“Right now, our priorities are integrating and operating as one business with clearly defined goals. We continue to communicate with all parts of the business to ensure integration plans are on track ready for any future acquisitions.”
Flotek’s mission is to help SMEs consolidate data and voice communications with one trusted provider. The company said the acquisition further enhances the offering to Flotek’s customers.
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