DCC to sell Info tech business to AURELIUS
The deal values the business at a total enterprise value of about £100m on a cash-free, debt-free and normalised working capital basis.
In the year to the end of March 2025, the business recorded revenue of £2 billion and represented about 1% of DCC's continuing operating profit.
DCC said the net cash proceeds of the deal are not material, reflecting the working capital seasonality, and the supply chain financing associated with the business.
It also said it will retain the freehold title of its UK national distribution centre in Burnley, England.
Today's deal is subject to receipt of customary regulatory approvals and is expected to complete in the fourth quarter of this calendar year.
The remainder of DCC Technology, the Pro Tech business, is mainly based in North America, with a smaller growth platform in Europe.
Donal Murphy, DCC's chief executive, said the sale of Info Tech in the UK and Ireland is a further material step in simplifying the group and focusing on its high growth, high return, energy business.
It follows the sale of DCC Healthcare announced in April.
"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," the CEO said.
"This transaction also represents a positive move for our team, providing new opportunities for growth, development, and long-term success," he added.
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