South west IT support company, Acronyms, has completed the acquisition of St Austell-based IT solutions provider Tanist.
The takeover demonstrates a significant investment of more than £1 million over three years, pledging to support the local economy by creating jobs and driving growth from the newly-acquired premises in Bodmin.
The acquisition of Tanist involved the purchase of its office space, staff, and contracts, incorporating approximately 50 new clients into Acronyms’ portfolio including Sharp’s Brewery, regional law firm Charles French & Co as well as food production companies Buttermilk and Prima Bakeries.
The newly-acquired contracts will join the likes of Acronyms’ already well-established Cornwall-based clientele, which includes Trewithen Dairy, the National Lobster Hatchery and Hendra Holiday Park.
MD Dave Smith said: “We are proud to announce our expansion into Cornwall and the acquisition of Tanist, which represents a significant milestone for Acronyms.
“Cornwall holds tremendous potential for growth and development, and we are committed to leveraging our expertise in providing high-quality IT services to support businesses of all sizes.”
It is Acronyms’ second Cornish acquisition in recent times, following a deal for IT-OK Ltd in 2020.