Restore acquires Liverpool-based Apple recycling and spare parts business

Support services firm Restore said on Monday that it had acquired the Bookyard, a leading Apple recycling and spare parts business based in Liverpool, for an undisclosed sum.

Restore said the acquisition of The Bookyard further strengthened its capability in the growing recycling market for Apple products with businesses and represented another milestone in its strategy for growth via organic expansion, strategic acquisition and margin improvement through synergies and efficiency gains.

The AIM-listed group added the move was "an important step" in extending the scale, brand awareness and repair and refurbishment expertise at Restore Technology, with the Bookyard set to further improve its momentum with Apple Laptop/PC recycling.

Chief executive Charles Bligh 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."

As of 0900 GMT, Restore shares were down 1.31% at 338.0p.