Welsh telco makes second acquisition in recent years
Welsh telco TWL Voice and Data has acquired Bridgend-based JVH Communications.
TWL, which specialises in mobile, fixed line and broadband as well as IP CCTV, will absorb all JVH Communications staff and handle the transfers of its active clients and contracts. It’ll work from TWL’s Cardiff offices.
This is the second acquisition TWL has made in recent years, following the purchase of Danwood Telecoms in 2012. It’ll see company turnover rise by 22% to £2.2 million by October and see its total number of clients increase to 450.
JVH Communications had been trading for 25 years with a plethora of clients across South Wales. Capital Law, O’Briens & Partners and Mustard advised the deal.
Andrew Nicholson, managing director of TWL, said: “This deal signifies a key area of growth for our business in the foreseeable future. As well as bringing JVH staff and clients on board, this deal will allow us to make a huge stride towards dominating the telecoms market over the next five years.
“JVH Communications is a well respected firm with a wealth of experience going back to 1990; we will continue the good work they have done for their clients over the long history.”
TWL plans to acquire more businesses in the future as its ranks continue to increase. The business, established in 2003, is interested in absorbing small mobile and telecoms firms in South Wales.
Nicholson added: “We are looking at further acquisitions in order to increase our size and authority in the market.
“With our depth of expertise in telecoms, as well as newer divisions such as CCTV and security, we are perfectly placed to become a UK leader within the next five years. Acquiring smaller businesses with healthy client bases allows us to grow as a company whilst consolidating our strong position.”