BDR Voice & Data make Astute move
Founder Concert Member BDR Voice & Data Solutions Ltd have successfully purchased Manchester-based Astute Communications Ltd. Months of considered negotiation concluded with the acquisition of a majority stake in Astute to continue and build on BDR's expansion program. Growth by acquisition is in line with BDR's plan to complement its already very strong and successful organic growth.
Manchester-based Astute becomes the sixth acquisition by BDR in the last three years bringing the combined turnover of BDR, its subsidiaries and sister companies to over £10 Million annually.
As a result of the acquisition, Astute Communications are in the process of moving to new and more appropriate offices in Manchester and will continue to operate in the same way as before with all staff staying with the company post acquisition.
Astute are active in the large and medium-sized business market, providing lines and calls as well as mobiles with an annual turnover of over £2 Million. The takeover strengthens BDR's position in the market in the Northwest of England. It is anticipated that with the new and enlarged basket of product and services that BDR will be offering Astute will be hoping to double turnover during the next two years.
BDR Voice & Data Solutions CEO Bahman Rahimi will assume the role of Managing Director at Astute, working alongside current Director John Irwin in order to maintain continuity as well as seamless fusion and collaboration between BDR and Astute.
BDR CEO Bahman Rahimi said:
"We are very excited to welcome Astute into the BDR group of companies. We see a lot of potential in developing Astute, as well as the opportunity to strengthen our foothold in the North of England. Over the next few weeks, we will integrate Astute into the BDR landscape, ensuring that our philosophy continues throughout all the companies under the BDR Voice & Data umbrella."
John Irwin of Astute said he was confident of a successful transition:
"We are happy to have completed this deal. BDR will bring in a whole host of products, services, opportunities as well as injection of additional cash to Astute enabling us to increase our market share in the Telecommunications market in the North of England. I look forward to working with Bahman and the rest of the BDR moving forward."