The Templand Group, founded on the principle that SME-size businesses can prosper by being part of a larger entity, has announced strong financial performance since the acquisition of Newline Communications Ltd, a specialist in under and over-ground telecoms installations and external works.
Templand has integrated Newline into the Group alongside other divisions, ITI Network Services and ITI Electrical Services.
Newline’s turnover has almost doubled since becoming part of Templand and the Group as a whole has exceeded the ambitious revenue and profitability goals of its three-year strategy and this year increased employee numbers by 32% after an increase the year before of 15%.
Jason Denmark, Templand Group CEO, said:
“We acquired Newline to complement our Network and Electrical Services divisions, adding civil engineering and other technical experience.
“This has given the Group the unusual ability within our industry to offer what’s known as a ‘turnkey’ service to telecoms network providers.
“Already as a result we’ve won many new contracts because we can offer this end-to-end service, securing work which requires a combination of the expertise of all three divisions.
“Individual revenues for all three divisions including Newline have also increased, showing how the Group’s financial oversight, management support and knowledge sharing gives its businesses the foundations to achieve their full potential.”
Further growth will come organically, with multiple new contracts agreed this year with existing clients on top of previously contracted work.
The Templand Group will continue to seek complementary businesses as potential acquisitions, says Denmark:
“We service and deploy game-changing innovations including the 5G rollout and the uptake of the Internet of Things (IoT). With more and more organisations using the IoT to stay connected, and continued demands for network speed and capacity increases, we are confident our industry will continue to require trustworthy, dynamic partners. We’ll cement our reputation for quality and excellence, continue to invest in our fantastic people and regional supply chain, and accelerate our growth through winning more work and finding further businesses which underpin our services at the front of telecommunications innovation.”
Learn more about Newline Communications here.