26th Aug 2005 13:18
DCC PLC26 August 2005 DCC Expands IT Distribution Operations in Continental Europe DCC plc, the value added sales, marketing and business support services group,has completed the acquisition of the business of Advanced Business Computing SA('AB Computing'), a value added distributor of IT infrastructure solutionsheadquartered in Belgium. AB Computing is a partner of Sun Microsystems, Oracle and Macromedia andachieved turnover of €27 million in its financial year ended 30 June 2005. ABComputing, which employs 31 staff, will be integrated with Distrilogie, DCC'svalue added IT infrastructure distributor that has operations in France, Spainand Portugal. The acquisition was completed by way of the purchase of the trade, goodwill andcertain of the assets of Advanced Business Computing SA and AB Computers(Luxembourg) SA for a consideration of €5.72 million, payable in cash. Inaddition a further investment in working capital in the order of €2.10 millionwill be required, resulting in a total investment of €7.82 million. Jim Flavin, Chief Executive / Deputy Chairman of DCC plc said today: "While modest, this acquisition expands DCC's IT Distribution activities intothe Benelux region. The current strength of AB Computing in its core Belgian andLuxembourg markets allied with the experience and product portfolio ofDistrilogie is a strong combination that should deliver synergistic organicgrowth opportunities in the future." For reference: Jim Flavin, Chief Executive / Deputy Chairman - DCC plcDonal Murphy, Managing Director - IT DistributionKieran Conlon, Investor Relations Manager Tel.: +353 1 2799 400Email: [email protected]: www.dcc.ie For Editors: DCC is a sales, marketing and business support services group focused on theenergy, IT, healthcare, food & beverage and environmental markets, operatingprincipally in Britain and Ireland. In its latest financial year to 31 March2005, DCC had sales of €2.7 billion and operating profits of €131.5 million.DCC's shares are traded on the Irish and London Stock Exchanges. DCC's IT distribution division is a leading player in the sales and marketing of a broad range of enterprise and consumer technology products in Britain andIreland and a distributor of enterprise products in Continental Europe. Thedivision generated operating profits of €27.5 million on sales of €878.2 millionin the year ended 31 March 2005. For further information please visit www.dcc.ie. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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