DCC to sell Irish and UK info tech business to Aurelius for €115m
The deal is subject to regulatory approval and is expected to be completed in the fourth quarter of this year.
DCC's info tech business recorded revenue of £2bn (€2.31bn) in 2024 and represented approximately 1% of DCC's continuing operating profit.
"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,' said DCC chief executive Donal Murphy on Monday. 'It follows the sale of DCC Healthcare announced in April 2025. We have made huge strategic progress this year.'
DCC will retain freehold title of its national distribution centre in Burnley in England. "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," the company said in a statement on Monday.
DCC, which is listed in London's FTSE 100, saw an 2.9% increase in adjusted operating profit during its most recent financial year driven by growth in its energy division.
The company's 2024 results reported profit in its energy division increased by 6.5% to £535.5m while profit in its technology division declined by 15.7% to £82m.
The company said in May it intends to return up to £800m of its DCC Healthcare divestment to shareholders, commencing with a £100m share buyback programme.
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Irish Daily Mirror
28 minutes ago
- Irish Daily Mirror
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The Irish Sun
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- The Irish Sun
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The Journal
an hour ago
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