Radius Payment Solutions' diversity strategy took another turn with the acquisition of Macclesfield-based comms provider Reliance Networks, its seventh deal in seven weeks, three of which were in Telecoms.
Radius began life in 1990 when owner Bill Holmes (pictured) set up the firm as a fuel card company. It now provides fleet management solutions including telematics, telecoms and insurance to over 300,000 customers.
Radius was recognised as one of the UK’s largest private companies and ranked 19th in the 2019 Sunday Times HSBC Top Track 100 list, having seen turnover grow to £2.5bn in 2019.
Established in 2009, Reliance Networks forms a key part of Radius’ wider group telecoms strategy.
Holmes commented: “The acquisition of Reliance Networks supports Radius’ ambition to grow a market leading telecoms division.
"Reliance is a good fit for our growing telecoms business as it has some technical capacities that will complement those of the other companies that have recently joined this division.”