The Rydal Group, which is a UK telecommunications and managed IT provider, has announced that they’ve moved to boost their presence in the market by acquiring Cambridge-based provider My Communications Ltd for an undisclosed sum, which offers an array of business-focused broadband and phone services.
The “strategic move” is said to enhance Rydal Group’s presence in the telecom industry, while also expanding its client base to over 2,500 (i.e. the deal adds 400 telecom clients to the Rydal Group family) and boosting its annual turnover to over £11 million.
Under the deal, My Comms will continue operating from its Cambridgeshire office, with no changes. The existing management team and employees of My Comms will then be integrated into Rydal Groups’ structure, with a primary focus on helping them further expand their Telecoms Services to their clients.
Alex Mason, Director of My Communications Ltd, said:
“Having known Steffan and his team for years and witnessing their industry success, I am confident in this acquisition’s fit and its benefits for all parties involved. Rydal Group’s experienced support desk, dedicated account management team, and broader national support from their multiple offices will enhance My Communications offerings.
Additionally, integrating Rydals top-tier products and services will further meet our clients’ needs and strengthen our existing partnerships. I’d like to say a huge thank you to our staff for their dedication and to our customers for their loyalty, both of which are greatly valued.”
Steffan Dancy, Group MD of Rydal Group, said:
“We’re thrilled to announce the acquisition of My Communications Limited, based in Newmarket, Cambridgeshire. Big thanks to Alex Mason, the Director of My Communications, for building an incredible business with a loyal client base.”