The Cheshire group behind the telematics and fuel card brands Kinesis and UK Fuels has acquired a telecoms specialist in Shrewsbury.
Radius Payment Solutions, which turns over £2.5bn, has acquired Pure Telecom for an undisclosed sum.
The deal for Pure Telecom is part of a diversification strategy by Radius, which was first established by owner Bill Holmes as a fuel card company in 1990.
Holmes, the chief executive of Radius, said: “Radius has acquired a highly reputable business in a sector where we see huge potential for an offering to our core customers alongside their fuel card and telematics products.
“We look forward to working with the team at Pure Telecom to continue building Radius’ successful telecoms division, which currently comprises Adam Phones and echo telecoms.”
Pure Telecom has reported year-on-year growth since it was established in 2006 and this has accelerated further over the last five years.
Chief executive Matt Sandford is to step down with immediate effect while managing director David Hayward is to stay with Pure Telecom and will join the senior management team at Radius.
Sandford added: “Radius is the perfect home for Pure Telecom and I’m delighted that the two businesses will be joining forces.
“I’m hugely proud of my team and the reputation we have built over the last 14 years and I have no doubt that they will continue to go from strength to strength, providing the very best service for all our clients.
“This next chapter for Pure Telecom, as part of Radius, will give us opportunities to expand our offerings to our existing and future clients across many more markets. It’s going to be an exciting journey.”