The purchase, for an undisclosed sum, will add £500,000 to Chess’s turnover.
The deal covers calls and lines only, with XTel continuing to maintain the customers’ phone systems. XTel will also build a further customer base to sell to acquisitive Chess at a later date.
Cheshire-based Chess placed 32nd on the 2008 Tech Track list of fast-growing tech firms after growing sales by an average of 83 per cent to £20.7m over a three-year period.
Chess chief executive David Pollock claimed the VAR is consolidating the telecoms sector.
“2009 is a great opportunity for growth for Chess and we have a proven track record of success. Expect to see more Chess acquisition news coming soon,” Pollock said.
Adrian Jackson, managing director of XTel, said: “Chess has a proven track record at making successful acquisitions,. We knew this flexible deal would give the best value for us, and more importantly, our customers. I am very confident the transition will be a smooth one and our customers will be more than satisfied.”
Chess has racked up three other deals in 2009, including Bridgend-based JVH Group and north east-based CI Wholesale. It now claims to have a turnover of £27m.
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