Belfast IT firm Zenith agrees deal to buy Larne-based GSL
A LEADING Belfast-based IT firm has acquired a Larne company as part of ongoing expansion plans.
Zenith Networks has announced further expansion of its business with the acquisition of the client book of GSL, a Larne-based IT support company. It is the third major acquisition from Zenith after separate deals were agreed for Lyle Distribution and DIT.
Managing director of Zenith Network, Martin Lyons explained that the company has been on a path of growth for the past 24 months - moving into larger premises in east Belfast, recruiting additional staff and making new acquisitions.
“We have been expanding our own client base quite significantly both in the geographic areas in which we operate and in the sectors where we have specialisms," Mr Lyons said.
"For example we now deliver on the IT needs of quite a significant percentage of the hospitality market across Northern Ireland. We now service the IT needs of 10 leading hotels, including a number in the north west which is a growing tourism market. Whilst the majority of our clients are based in Northern Ireland, Republic of Ireland and the UK many serve customer on a global basis and we manage their IT requirements from our base in Portview Trade Centre on the Newtownards Road."
Zenith has recently signed new deals with the Beannchor Group, Victoria Square shopping centre and Eastside Partnership in east Belfast and is currently working on another acquisition deal.
“With the GSL deal now complete and bedded down we can focus on the other live acquisition prospect, while also growing our customer base organically in Northern Ireland and beyond."
“Zenith Networks is in a period of sustained business growth, with a directly connected growth in staff numbers and turnover. We are right where we need to be and the GSL acquisition goes a long way to securing our status as a leading independent IT service provider in Northern Ireland," he added.