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IN BRIEF: DCC makes five acquisitions for DCC Energy division

6th Sep 2023 08:52

DCC PLC - Dublin-based sales, marketing and support services firm - Hosts investor event in Paris on Wednesday for DCC Energy, announcing five new acquisitions by the division. Confirms plan by DCC Energy to double adjusted operating profit by 2030. Since DCC's annual results announcement in May, DCC Energy has committed a total of GBP166 million to five new acquisitions. These are Centreco, UK-based solar photovoltaics and energy consultancy; Isolatiespecialist, a Netherlands-based provider of energy efficiency and insulation services; Solcellekraft, a solar PV business in Norway; SLER40, a solar PV and heat pump services provider in France; and San Isabel Services Propane, a propane distributor in the US state of Colorado. DCC says the acquisitions are expected to deliver a mid-teen return on capital employed in their first full year of ownership.

Current stock price: 4,234.50 pence

12-month change: down 14%

By Tom Waite, Alliance News editor

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