As DCC plc continues its ambition to become a global leader in the sales, marketing and distribution of energy products and services, today we announce our agreement for the sale of DCC Technology’s Info Tech business in the UK and Ireland to AURELIUS, a globally active private equity investor.
The transaction values the Business at a total enterprise value of c.£100 million on a cash-free, debt-free and normalised working capital basis. Completion is subject customary regulatory approvals and is expected in the fourth quarter of this calendar year.
The remainder of DCC Technology, our Pro Tech business, is principally based in North America, with a smaller growth platform in Europe. DCC Technology is the largest specialist professional AV distributor globally and has a complementary position in high-quality Life Tech products in North America.
