A Liverpool-based firm specialising in spare parts and recycling Apple products has been acquired by a leading UK business.
The Bookyard Ltd has been bought by Restore plc - a Surrey-based document management, commercial relocation and IT recycling business, with the move coming after 15 years of growth for the North West firm.
Garston firm The Bookyard operates two market-leading eCommerce sites, which offer trade-in and recycle options for Apple products throughout the UK.
Restore said the acquisition further strengthens its tech capability in the growing recycling market for Apple products with businesses.
Charles Bligh, CEO of Restore, said: "The Bookyard has been on our radar for some time and we are delighted that Nick Gillard and his whole team will be joining Restore Technology.
"We have achieved considerable growth in our Apple products line over the last few years but the significant brand awareness and expertise that The Bookyard will bring will deliver increasing momentum to Restore Technology in the all-important Apple recycling market."
The acquisition is an "important step" in extending the scale, brand awareness and repair and refurbishment expertise at Restore Technology, the firm said.
With "unique technology" and expertise built over many years, The Bookyard will further improve the company's momentum.
The statement revealed to the markets on Monday added: "The Bookyard is a well invested, profitable and cash generative business and is expected to generate revenues of approximately £1.2m per annum.
"This acquisition represents another milestone in Restore's strategy for growth via organic expansion, strategic acquisition and margin improvement through synergies and efficiency gains, as outlined in our Capital Markets Day in November 2020."
