Flotek acquires £3.1m-turnover MSP OES in North Wales

This is the company second acquisition in the last three months

Flotek has acquired a majority share in OES, a North Wales-based managed print and web development firm.

Displaying rapid growth and a £3.1m annual turnover, OES has developed a reputation in North Wales and the North West for its bespoke strategies and service delivery, with a particular client focus on the legal market.

The move expands Flotek's regional presence, alongside its Chester office acquired last year, and pushes the Welsh MSP to achieve a turnover of more than £10.5m.

Additionally, the acquisition brings 22 OES staff into the Flotek fold, bolstering the company's team to over 80 individuals.

Jay Ball, CEO of Flotek, said: "This acquisition will boost our growth and visibility in the area and, crucially, will allow us to enter the managed print and web business and develop our provision for the legal sector while supporting OES with access to a robust telecom offering.

"We're pleased to be welcoming OES as part of the group and creating new opportunities for our businesses and our customers."

The deal will see OES's management team, Wayne Jones, Peter Edwards, and Luke Murray, remain in their roles as MD, head of finance, and IT manager respectively, continuing to run OES.

Jones also said: "Being part of Flotek is a great opportunity for our team and our clients. It's a huge deal to receive the investment from Welsh independent-owned business and I'm personally very proud to remain a Welsh business.

"We have always prioritised customer service at OES and now we can benefit from the systems and processes that can improve our customer's experience.

"We can also offer a broader range of services and use Flotek's resources to increase our reach in the region. I'm eager to enter the telecoms market and grow with this acquisition."

OES's brand will be maintained under the the company's umbrella, to ensure continuity and familiarity for clients and employees.

This is the MSP's second acquisition in the last three months, after the company acquired Cardiff-based Ikona IT solutions last November.