REG - DCC PLC - Divestment of Info Tech business

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RNS Number : 8900Q  DCC PLC  14 July 2025

14 July 2025
Divestment of Info Tech business

DCC plc, the leading international sales, marketing and support services
group, announces that it has entered into a definitive agreement for the sale
of DCC Technology's Info Tech business ("the Business") in the UK and Ireland
to AURELIUS, a globally active private equity investor (the "Transaction").

 

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. In the
year ending 31 March 2025, the Business recorded revenue of £2 billion and
represented approximately 1% of DCC's continuing operating profit.

 

The net cash proceeds to DCC of the Transaction are not material, reflecting
the working capital seasonality, and the supply chain financing (£156 million
at 31 March 2025) associated with the Business. DCC also retains freehold
title of our UK national distribution centre in Burnley, England. The
Transaction is subject to receipt of customary regulatory approvals and
expected to complete 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.

 

 

Donal Murphy, Chief Executive, commented:

"The divestment of Info Tech in the UK and Ireland is a further material step
in simplifying our Group and focusing on our high growth, high return, energy
business. It follows the sale of DCC Healthcare announced in April 2025. We
have made huge strategic progress this year.

 

We are confident that AURELIUS will be a strong partner for our UK and Ireland
Info Tech business, driving further operational and financial improvement.
This transaction also represents a positive move for our team, providing new
opportunities for growth, development, and long-term success."

 

 

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.

 

Regulatory Notes

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with DCC's obligations under Article 17 of MAR.

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