Lanway adopts £6m IT firm

Burnley-based Lanway IT Solutions has acquired ProfileIT, the business-to-business division of Altham-based Cleverboxes.

ProfileIT is largely the result of a Cleverboxes acquisition last year and recorded a turnover of £6m, which will boost Lanway's total income to around £20m.

Lanway managing director Andrew Henderson said he was optimistic about the deal, explaining that the companies have similar cultures but different customers lists with good potential for crossover. The value and details of the deal have not been disclosed.