Takeover adds IT consulting to growing business services group

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WeDo Business Services expanded with the acquisition of Manchester-based IT services consultancy Lucid Networks for an undisclosed amount.

Lucid will be integrated into the group’s WeDo Digital business, which has a team of more than 50 specialists providing digital innovation, design, development and support services.

The acquisition brings a range of IT services, from complex infrastructure projects and cybersecurity to backup hosting solutions and day-to-day IT strategy implementation.

Lucid, which was founded in 2010, was owned by James Balderstone and based at Manchester Science Park. The company has built a long-standing customer base across the UK. Its workforce has moved to WeDo Digital’s offices at MediaCityUK in Salford.

WeDo Digital is led by tech entrepreneurs Luke Pilfold-Thomas and Lee Turver, who between them have over 25 years of industry experience.

Luke said the acquisition further expands WeDo Digital’s capabilities and strengthens the group’s broader offering. Other recruitments for the division are underway in the digital field.

Luke said, “Lee and I recently joined the group to lead the development of WeDo Digital, and we are excited to bring on the Lucid Networks team and managed IT services expertise as the next step in our growth. .

“We were looking to expand our digital offering to include more traditional managed IT services and wanted to acquire a North West company with a strong track record of customer retention. Lucid has developed and maintained an excellent business and client base over the years, with many of its client relationships spanning over a decade, so it fit the bill perfectly.

Andrew Livesey and Matthew Catterall of law firm North West Taylors Solicitors advised WeDo on its acquisition of Lucid Networks.

Andrew said, “We were very pleased to be asked to continue to provide legal support and advice to WeDo as it continues its expansion with the acquisition of the Lucid Networks business.

Founded in 2019 by Mark Lindsay and Chris Robinson with just four employees, WeDo Business Services has grown organically and through acquisitions.

It now employs nearly 100 people at its headquarters in Oldham and offices in Colchester, Sheffield, Swindon and Salford.

The group offers a range of services to small and medium-sized businesses, including invoice and trade finance, start-up finance, HR, back office and payroll support, as well as IT and digital services. .

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