Irish sales and marketing group DCC has acquired UK-based technology firm 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.

Customers

In the 12 months to the end of November 2016 the company generated revenues of £11 million (€12.29 million).

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“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.”