14th Jul 2025 08:31
(Alliance News) - DCC PLC on Monday said it has agreed a deal to sell its Info Tech business arm in the UK and Ireland to private equity investor Aurelius in a deal worth around GBP100 million.
The Dublin-based sales, marketing, and support services provider said that the remaining part of DCC Technology would be its Pro Tech business, principally based in North America.
The deal values the Info Tech business at a total enterprise value of GBP100 million on a cash-free, debt-free and normalised working capital basis, DCC said.
In the financial year that ended in March, the Info Tech arm recorded revenue of GBP2 billion and represented around 1% of DCC's continuing operating profit.
DCC said the net cash proceeds of the transaction are not material due to working capital seasonality and the supply chain financing associated with the business.
The company noted that it has retained the freehold title of its UK national distribution centre in Burnley, England.
The sale is expected to complete in the fourth quarter of 2025, subject to regulatory approval.
"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," said Chief Executive Donal Murphy.
"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."
Aurelius said the DCC business, which is called Exertis, "ticks all of Aurelius's boxes", with an attractive size and room for operational improvement. "It will allow Aurelius to play to its strengths by deploying its WaterRise team of specialists to support a return to operational excellence and growth," said Andrzej Cebrat, managing director of the Aurelius IV and V investment platforms.
Shares in DCC were down 1.0% at 4,686.67 pence in London on Monday morning.
By Michael Hennessey, Alliance News reporter
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