Private equity firm Chiltern Capital has set its sights on surpassing £100m in annual revenue next year following the acquisition of Intec Microsystems,
Under new Executive Chairman Alan Cantwell (pictured), Chiltern's expansion strategy will prioritise recruitment and employee development.
He said: “We’ll fill any gaps in the business by recruiting more expertise and with the investment we now have, we can afford to be more competitive in the market.”
Dean Leather, former majority shareholder, will step down while the existing directors continue to run the company.
Leather said: “Our goal is to deliver growth by working in close collaboration with our vendors and expanding our product and services offering to best serve our customers.”
In line with this strategy, Intec plans to unveil partnerships with five new manufacturers in the coming months. The aim is to increase its 2,500 customer base by targeting UK's 8,000 VARs.
