Radius Payment Solutions, the Group behind a range of innovative fuel card, telematics, telecoms and insurance products has acquired business telecommunications company, Reliance Networks.
This news comes following a suite of acquisitions for Radius, which earlier this year 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 £2.5 billion in 2019. The acquisition of Reliance Networks is part of a diversification strategy by Radius, which was first established by owner Bill Holmes as a fuel card company in 1990. It is now one of the world’s leading suppliers of fleet management solutions, providing an array of products and services to over 300,000 customers.
Bill Holmes, Chief Executive of Radius, added: “Reliance Networks is a great addition to Radius, and this acquisition highlights our intention to quickly develop our telecoms offer. Our diversification strategy across the group means we can provide a compelling range of products across telecoms, telematics, insurance and fuel cards. We welcome Reliance Networks to Radius, and we look forward to working with the team.”
Adding the technical expertise of the Reliance Networks team, which has been a key pillar of their success over the past 15 years, will certainly help support the ambitious growth plans of Radius’ telecoms division, which currently comprises Adam Phones, Echo Telecoms, Pure Telecom and Trinity Maxwell.
Sean Gooding, Managing Director of Reliance Networks, said: “We are extremely proud of the success we and the team have achieved over the last 15 years. Trusted service delivery is our core strength – this attribute has enabled us to form strong and lasting relationships with our clients whilst providing them with best in class solutions. Joining forces with Radius will enable us to build on this solid foundation whilst considerably enhancing our product and services offering, both to our existing and new clients. We are all very much looking forward to the next chapter.”
What does it mean for our customers?
Customer accounts are still managed by Reliance Networks and their point of contact will stay the same. Our company values are here to stay and providing unrivalled level of technical expertise, customer service and value for money is still our focus.
Day-to-day, it’s business as usual, only now we have new resources and capabilities to expand our offering across many more markets.
For more information please contact your account manager on 01625 466600