REG - DCC PLC - Liquid gas acquisitions in four new markets

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RNS Number : 0358P  DCC PLC  15 January 2026

15 January 2026
DCC enters four new markets via liquid gas acquisitions

DCC plc, the leading international energy sales, marketing and support
services group, announces that it has agreed to acquire UGI International
LLC's liquid gas businesses in Poland, Hungary, Czechia and Slovakia.

The businesses operate through well-invested infrastructure across the four
countries, supplying more than 200 million litres of liquid gas products to
approximately 30,000 bulk and cylinder customers in the year ended September
2025. Commercial and industrial customers account for more than 90% of the
volumes of the businesses, and the strength of the business is underpinned by
high levels of company owned tanks. The four businesses operate through a
shared service centre in Warsaw that has capacity for further expansion as the
businesses grow. These acquisitions represent a compelling consolidation
opportunity in new markets, a core competence of DCC. DCC will also drive
returns through procurement synergies across Continental Europe.

AmeriGas Polska, headquartered in Warsaw, employing over 225 people and
founded in 2006, is the largest business of the four that DCC has agreed to
acquire. It is a well-invested business with a nationwide infrastructure
servicing more than 10,000 bulk customers and c. 8,000-cylinder customers.
Poland, one of the largest liquid gas markets in Europe, is an especially
attractive liquid gas market for DCC to enter. The business has grown over the
last seven years in line with the developing Polish economy. It has been a
consolidator of the liquid gas market and is the second largest player in
Poland with approximately 13% market share, excluding auto gas, a segment in
which the business does not operate. DCC has an exciting opportunity to
further consolidate and drive returns in this relatively fragmented market.

The three smaller FLAGA-branded businesses in Hungary, Czechia and Slovakia
have approximately 12,000 bulk and cylinder customers combined. These
businesses have nationwide networks, providing DCC with a platform to grow
market share organically and to optimise by driving operational efficiencies.
These markets are also fragmented and offer good opportunities for
consolidation.

DCC has been operating in the liquid gas market for nearly 50 years, building
market-leading positions in six countries and establishing growth platforms in
a further four. One of those new growth platforms is Austria, where we entered
the market in October 2025 following our acquisition of FLAGA. 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 acquisitions are based on an enterprise value of approximately €48
million (£42 million) on a cash-free, debt-free basis and the consideration
will be settled in cash on completion. The acquisitions are expected to
generate a mid-teen return on capital employed in the second year of
ownership. They are subject to customary regulatory approval and are expected
to complete within six months.

 Donal Murphy, Chief Executive of DCC plc, commented:

"These latest acquisitions demonstrate DCC's ability to expand our business in
new attractive markets. Liquid gas represents a compelling growth opportunity
for DCC to consolidate fragmented markets at high returns. We are very focused
on growing our liquid gas business in both Europe and North America. 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.
I warmly welcome the teams from Poland, Hungary, Czechia and from Slovakia 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 £16.1 billion and adjusted operating profit
of £609.7 million on continuing operations. 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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