Published on August 1st, 2017 | by The GC Team0
Exertis acquires MTR Group
Distributor of technology products Exertis has announced the acquisition of MTR Group Limited, a service and solutions provider specialising in 2nd generation lifecycle extension of mobile, wearable and tablet devices.
MTR employs 60 staff at its bespoke high-tech refurbishment facility in Harlow, Essex. It generated sales of £10.8 million for the twelve months ended 30 November 2016 and has seen significant and sustained year-on-year growth since its incorporation in 2011 by founders and co-owners Steve Healy and Andy Payne.
Exertis said that the strong relationship MTR has with Samsung will enable it to “deepen its business entanglement with this key strategic brand” as well as providing the opportunity to leverage MTR’s refurbishment and reverse logistics capabilities and jointly expand these services to a wider range of potential partners.
Andy Payne, MTR sales director, said: “MTR has already established itself as a market leader with its refurbishment and supply capabilities, along with reverse and lifecycle management solutions. Coupled with Exertis’ OEM and Network relationships, this acquisition will make for a formidable force within the mobile/recycling sector.”
Gerry O’Keeffe, Exertis UK & Ireland managing director, commented: “We are very excited to add this success story to the Exertis family and are looking forward to continued growth and providing further added value for our suppliers and customers.”