Chess buys in Hertfordshire
Business telecoms group Chess has purchased an IT systems provider based in Hertfordshire.
The Alderley Edge-based company has acquired Parachute IT, which is headquartered in Borehamwood, and it will be renamed Chess ICT.
Seventeen staff will move to Chess and the deal is set to add an extra £2.2m to the group's turnover.
Chess chief executive David Pollock said: "Parachute IT have been a forward thinking centre of excellence in design, delivery and support of business IT and communication systems for over 20 years.
"They have an outstanding reputation across the industry and we are delighted to welcome them into the Chess group.
"It makes great sense to strengthen our ever-continuing expansion into being a 'one-stop shop' by bringing the best out of Parachute IT’s knowledge and experience in the IT industry."
Martin Bacon, managing director of Parachute IT, added: "When Chess approached us I saw a great opportunity with a company intensely focused on quality and spirit, strategically driven, financially powered and with a highly evolved approach to creating robust success with acquisitions – as defined throughout their prestigious list of successes.
"It is clear that the Chess Group is not just holding its own as a significant player in the industry but is really setting a new standard. I am confident that our people will continue to stride from strength to strength working under the Chess brand as Chess ICT."
Chess has acquired more than 80 businesses to date.