Abica Telecoms Group has expanded its business into the IT services sector with the acquisition of a significant stake in IT service provider, PCR.
Abica, established in 2000 by David Munro and Gregory Barnett, is headquartered in Glasgow and currently delivers full service telecoms solutions; including mobile, Telephone Systems and connectivity services, to mid-enterprise businesses across the UK.
This acquisition is part of an aggressive growth strategy by the company as the combined telecoms and IT market continues to grow throughout the UK. The Group expects revenues to exceed £5m in the current financial year.
David Munro, Abica co-founder and director, commented; “We have seen a rising demand from our client base to provide IT and Cloud services alongside our current telecoms offering. We had been looking for the right IT company for some time and PCR seemed the perfect fit for our growth plans, particularly as both businesses are focussed on delivering only the best in customer service.
“By acquiring this stake in PCR, we have significantly augmented our service offering, allowing us to seamlessly manage all telecoms and IT services for clients.”
Gregory Barnett, Abica co-founder and director, added; “Currently, Abica is looking at considerable expansion in the coming months as the demand for combined telecoms and IT services continues to grow at a rapid rate.
“We are actively looking to acquire other businesses in this sector as part of our buy and build strategy.”P