Irish marketing firm DCC acquires UK tech group MTR
Acquisition of Essex-based firm has been made for an undisclosed sum
DCC technology has acquired UK-based MTR group for an undisclosed sum
MTR, an organisation specialising in solutions for refurbished mobile and tablet devices, employs 60 people and is based in Essex.
The UK company partners with retailers, mobile handset manufacturers and insurance companies to source and refurbish phones and tablets for resale to customers in the UK and abroad.
In the 12 months to the end of November 2016 the company generated revenues of £11 million (€12.29 million).
“The acquisition of MTR advances the DCC Technology strategy of expanding its service proposition to vendors and customers and provides access to the high growth second lifecycle solutions market,” the company said in a statement.
In a note to investors, analysts at Investec said, “Today’s news highlights DCC’s aim of expanding its service proposition to retailers and consumers, but is unlikely to move the share price in our view.”