Exertis IT has moved to bolster its circular economy proposition via acquisition, even as it seeks a buyer itself.
LSE-listed conglomerate DCC in November announced plans to offload DCC Technology – the formal name for Exertis – as it doubles down on its energy business.
But Exertis IT has turned the tables on that dynamic by announcing it has made an acquisition itself in the shape of Apple Authorised Service Provider Group 8.
Kent-based Group 8’s sweet spots include Apple repair and support. Its latest accounts indicate it has a headcount of around nine.
Exertis IT said the move will bolster its circular economy services business MTR, which specialises in the refurbishment and resale of mobile devices, and offers Samsung-accredited refurbished handsets.
Rod McCarthy, Group Managing Director, said: “The acquisition of Group 8 is a fantastic addition to Exertis IT’s group service strategy. With circular economy regulations on the horizon, Group 8 joining our business is an integral part of our strategy to progress our business, and those of our customers’, into the second life market.”
In November, Exertis IT CEO Tim Griffin (pictured above) said DCC had been a “brilliant owner” but that “there’s a better owner out there that will enable us to do more”.
“There are ways in which you can look at the portfolio that makes up the DCC Technology grouping that could be based on infotech, protech and lifetech, or geographically, but the ambition is clearly a single transaction from DCC’s point of view,” he said at the time.
