Technology and home entertainment distributor Exertis has acquired MTR Group – a mobile and tablet repair and refurbishment company based in Harlow, Essex.
MTR generated sales of £10.8 million for the year ended November 30, 2016 and has seen “significant” and sustained year-on-year growth since its incorporation in 2011 by 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” and expand both Exertis’s and MTR’s services to a wider range of potential partners.
Exertis UK and Ireland managing director Gerry O’Keeffe said: “MTR has enjoyed considerable success in providing refurbishment capabilities in the mobile and tablet device market. The recent impressive growth in revenue and profitability is a testament to the reputation that it has earned in the channel, borne out of years of refurbishment experience, a sophisticated IT infrastructure and also continued investment in its impressive hi-tech and scalable refurbishment facility.
“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.”
Steve Healy, MTR managing director, commented: “As Exertis’s and MTR’s core values are so well aligned, this acquisition made complete sense. The benefits and opportunities of this exciting new chapter will extend to our existing and new customers and vendors alike, further enhancing the range of services and products offered. By leveraging the complementary strengths of both companies, we can only add to what is already an exciting proposition for the relationships currently held. We look forward to working with the Exertis management teams and building on the success of both companies.”
Andy Payne, sales director at MTR, added: “We’re extremely excited about the journey and opportunities that lie ahead. MTR has already established itself as a market leader with its refurbishment and supply capabilities along with reverse and life cycle management solutions. Coupled with Exertis’s OEM and Network relationships, this acquisition will make for a formidable force within the mobile/recycling sector.”