REG - DCC PLC - Liquid Gas Acquisitions

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RNS Number : 2059E  DCC PLC  21 October 2025

21 October 2025
Acquisitions of FLAGA in Austria and a cylinder business in the UK

DCC plc, the leading international sales, marketing and support services group
focused on energy, announces it has agreed to acquire FLAGA GmbH ("FLAGA"), a
leading distributor of liquid gas in Austria, from UGI International, LLC.
Separately in October 2025, DCC acquired the AvantiGas liquid gas cylinder
business in the UK, also from UGI International, LLC.

FLAGA, founded in 1947, is headquartered in Vienna, and employs approximately
90 people. The business sells and distributes approximately 45 million litres
of liquid gas annually via its nationwide supply, filling and distribution
network. FLAGA serves over 15,000 customers across bulk liquid gas where
average customer lifetime is more than 15 years, and a significant cylinder
business. DCC will also have very high tank ownership, another key
characteristic of our existing liquid gas business. FLAGA's experienced
management team will continue to lead the business.

DCC has been in the liquid gas market for nearly 50 years, building
market-leading positions in six countries and establishing growth platforms in
a further three. Liquid gas is central to our growth strategy and accounts for
the most significant part of our Energy Solutions operating profit. As a lower
carbon energy solution, it is one of our key priorities for growth and for
capital deployment. The acquisition of FLAGA marks our entry into the Austrian
liquid gas market, where we already have a leading liquid fuels business and a
growing presence in energy services.

The FLAGA acquisition is based on an enterprise value of approximately €55
million (£47.5 million) on a cash-free, debt-free basis and the consideration
will be settled in cash on completion. The acquisition is expected to generate
a mid-teen return on capital employed in the first year of ownership. It is
subject to customary regulatory approval and expected to complete by the end
of our financial year.

The second acquisition announced today - AvantiGas's cylinder business - is a
bolt-on in the UK, where our business is a leader in liquid gas products for
customers who are off the natural gas grid.

Donal Murphy, Chief Executive of DCC plc, commented:

"These acquisitions are an important step in DCC's strategy to be the leading
energy solutions provider in our chosen markets. We are committed to expanding
our liquid gas business in both new and existing geographies. Liquid gas
represents a compelling opportunity for DCC and is one of our two key growth
priorities. We are already leaders in liquid gas in six European markets where
we provide lower-carbon energy solutions to our loyal customer base. We are
leveraging these leadership positions to build a comprehensive energy
solutions business in these markets. I warmly welcome the teams in Austria and
the UK to DCC and look forward to working with them as we continue to build
DCC into a global leader in the sales, marketing and distribution of energy
products and services."

 

Contact information
 Investor enquiries:
 Conor Murphy, Chief Financial Officer                       Tel: +353 1 2799 400
 Rossa White, Head of Group Investor Relations & Comms.      Email: investorrelations@dcc.ie

 Media enquiries:
 Sodali & Co (Eavan Gannon/Pete Lambie)                      Tel: +44 20 7250 1446
                                                             Email: DCCGroup@sodali.com

About DCC plc
Invested in Energy

DCC is a customer-focused energy business, specialising in the sales,
marketing, and distribution of secure, cleaner and competitive energy
solutions to commercial, industrial, domestic, and transport customers.
Headquartered in Dublin, DCC is listed on the London Stock Exchange and is a
constituent of the FTSE 100. In our financial year ended 31 March 2025, DCC
generated revenues of £18.0 billion and adjusted operating profit
of £617.5 million. DCC has an excellent record, delivering compound annual
growth of 13% in continuing adjusted operating profit and unbroken dividend
growth of 13% while maintaining high returns on capital employed over 31 years
as a public company.

Follow us on LinkedIn. (https://www.linkedin.com/company/dcc-plc/)

www.dcc.ie (http://www.dcc.ie)

 

Forward-looking statements

This announcement contains some forward-looking statements that represent
DCC's expectations for its business, based on current expectations about
future events, which by their nature involve risk and uncertainty. DCC
believes that its expectations and assumptions with respect to these
forward-looking statements are reasonable, however because they involve risk
and uncertainty as to future circumstances, which are in many cases beyond
DCC's control, actual results or performance may differ materially from those
expressed in or implied by such forward-looking statements.

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