Inflexion-backed Radius acquires Pure Telecom

Pure Telecom's current CEO will be stepping down, while managing director David Hayward will lead the company and join the senior management team at Radius.

Inflexion acquired a majority stake in Radius for £150m in 2017, drawing capital from its £400m Partnership Capital Fund I. The deal reportedly valued the company at £800m. Radius's turnover grew to £2.5bn in 2019.

Radius is a payment and fleet services company that has recently been diversifying its strategy. In October 2018, Radius acquired mobile and fixed-line communications service Adam Phones and announced the acquisitions of telematics company Sure-Track and insurance company The Burley Group in November 2019.

Company
Based in Shrewsbury, Pure Telecom provides a range of services using technologies from networks, carriers and manufacturers. The services include mobile, mobile data, asset tracking, business landlines, broadband, hosted exchange and IT support. Founded in 2006, the company employs 24 people, according to LinkedIn.

People
Radius Payment Solutions – Bill Holmes (CEO).
Pure Telecom – Matt Sanford (CEO).

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