Cardiff-based IT and communications service provider Flotek has acquired a long-running Swansea IT firm.
The start-up tech company, which is based at The Maltings in East Tyndall Street, has purchased Gower Business Systems.
The value of the deal was not disclosed however the firm said the acquisition has added £1.2m in revenue to Flotek's turnover.
Read more: The firms in Wales that together are creating thousands of new jobs
The deal sees Flotek acquire the Swansea firm including its employees and office space in Enterprise Park in Llansamlet to extend coverage further with engineers closer to customers.
Gower Business Systems is a managed service provider which specialises in the legal and professional services sector.
It was started in 1991 by Mark Bowling and former Wales Rugby Union player Mark Wyatt.
Director of Gower Business Systems Mr Wyatt said: "Having developed the business’ success during the past three decades, joining with Flotek is an exciting next step for the Gower Business team.
"We very much share Flotek’s ethos of helping regional SMEs utilise complete IT support and technologies to reach their full potential and are excited to be a part of the business’ growth."
Following the acquisition both founders and their employees will continue on with roles at Flotek, adding 10 additional staff members to the business.
It follows as the Cardiff tech firm is focused on its ambitious growth plan centered around a buy and build acquisition strategy.
The company was founded by Jay Ball, Malcolm Holland and David Middleton with the aim of helping regional businesses access and embrace new technologies to enhance their operations and service offerings.
It helps businesses across south Wales to embrace cloud technology with a well-structured management team and strategy for organic and acquisition growth.
Chief executive Jay Ball said: "We are delighted that Gower Business Systems is joining Flotek. The team there has developed an incredible reputation over the last 30 years, being a certified Microsoft partner and working proactively to provide tailored IT and tech solutions to clients.
"By integrating with Flotek, this enhances our delivery of dedicated care and support to SMEs, helping them adopt next generation technologies and delivering cost savings, scalability and growth."
Mr Ball added: "Our ambitious growth is centered around our fundamental values, to make sure we deliver services with expertise and passion. With people at our core, we have a clear vision of an employee-led, customer-focused business with a trusted name in the sector."
The deal was advised on by deal-making group GS Verde, who are actively working on acquisition opportunities for Flotek to support their growth plans.
Read more:
Welsh business confidence grows as firms upbeat about their trading prospects
Life sciences firm Creo Medical forecast strong revenue growth
The projects which make up the much talked-about £1bn regeneration programme in Swansea
The future of the Welsh town with the lowest economic growth in a decade
