The UK’s leading engineering distributor, Troy Group, has acquired tech firm Applegate, with its online marketplace, extensive data and artificial intelligence capabilities.
The acquisition of Applegate, for an undisclosed sum, brings longstanding academic relationships with Exeter and Plymouth universities, which have supported the development of innovative machine learning technology.
Stuart Brocklehurst remains chief executive, all employees are retained and the company will remain based in Barnstaple, North Devon.
