Fri, 19 Apr 2024 | BUSINESS SALE
An employee management services firm based in Somerset has been acquired by a US company. Chronologic Limited, which is based in Radstock, is a leading supplier of time and attendance, workforce management and clocking systems for businesses across the UK and Europe, as well as an exclusive distributor of automated attendance management platform uAttend in the UK.
The company has been acquired by Workwell Technologies, a company based in Carlsbad, California that specialises in time and attendance management services for small and medium-sized businesses. Workwell provides a range of solutions for small businesses, including cloud-based time and attendance management and point-of-sale and mobile payments technology.
Workwell Technologies say that the acquisition of Chronologic bolsters its offering of time and attendance services across the UK and Europe. The acquisition aligns with Workwell’s aim of providing well-designed, cost-effective services that enable small and mid-sized businesses to easily and efficiently manage their employees.
Chad Buckmaster, co-chief executive, Workwell Technologies, commented: "Chronologic’s growth since its inception 20 years ago is a testament to its commitment to customers and operational excellence in workforce management solutions.”
"This acquisition is a new milestone for Workwell by expanding our international presence. We’re excited to bring additional products within the Workwell brand to the UK and Europe through this acquisition."
Following the acquisition, day-to-day operations at Chronologic will continue to be led by Managing Director Peter Sutton and the company’s existing staff.
Peter Sutton said that becoming part of Workwell will provide the opportunities and resources offered by joining a larger group, while enabling the company to retain its “unwavering commitment to the exceptional service that our customers have come to expect from us.” Sutton added that Chronologic would collaborate with Workwell’s international team to develop “new avenues of growth.”
Discover some of the factors that have attracted US buyers to the UK market over recent years
An exciting opportunity awaits with the acquisition of a reputable firm of solicitors located in Cheshire, presenting a unique chance to enter or expand within the legal sector.
This well-established East Midlands firm boasts over £90m in funds under management, offering a solid foundation and potential for growth.
This is an exclusive opportunity to acquire a South Wales IFA business with substantial assets under management, offering a stable, recurring income stream.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.