TRG Continues Global Expansion with Acquisition of Symec Technologies

TRG, a global managed service provider that specializes in enterprise mobility, point of sale, and payments, has acquired Symec Technologies Limited. Symec was formed in 2009 and is a mobile technology solutions and managed services company headquartered in Bristol, UK, with an additional facility in Poznan, Poland. The team of 72 has been growing steadily over the past 14 years and offers a suite of services that aligns well with TRG.

According to a report by MarketsandMarkets, the global managed services market is expected to reach $329.1 billion by 2025. This growth is largely attributed to the increasing adoption of managed services by small and medium-sized enterprises (SMEs) and the need for enterprises to reduce their operational costs. As a global managed service provider, TRG is well-positioned to benefit from this growth in the market.

Sean Kennedy, President of TRG, said, 'Symec has built a reputation as one of the UK's leading mobile device, connectivity, and managed service providers. Bringing this team into the TRG family allows us to significantly expand our UK and European operations while providing our customers with more top-tier global offerings.'

TRG first established a presence in Europe in 2013 with the launch of a service center in the Netherlands. In 2019, the company expanded to a new facility in Haarlem. The Symec acquisition adds significant scale and service capabilities in both the UK and throughout Europe, making it another step in its global expansion efforts.

'Our teams both share a commitment to helping customers adapt to an ever-changing technology landscape,' added Symec Co-Founder Phil Bruce. 'We are very much aligned in our approach to managed solutions. I believe customers on both sides of the Atlantic will benefit significantly from this new relationship.'

Symec CEO David Glover expressed excitement over joining the TRG family, highlighting the combined operational expertise and expansive service offerings that will add value to their customers and open up exciting new opportunities for expansion and progression for their colleagues.

This is TRG's second major deal of 2023, having started the year by acquiring Real World Communications Inc., a provider of mobility devices and wireless and network solutions in the Canadian market. The RWC acquisition was part of a major expansion of TRG's Canadian operations, including a move to a larger facility in Toronto's Scarborough district and the launch of an in-house key encryption facility.

With facilities across the United States, Canada, and Europe, TRG provides a comprehensive suite of lifecycle management services. The company has more than 10 million devices under management and more than 5,000 customers.