- Business ran at break-even
- Net proceeds ‘not material’
- Two more Tech units for sale
Business services group DCC (DCC) confirmed the sale of its Info Tech business to private equity firm AURELIUS for an EV (enterprise value, or market cap plus debt) of around £100 million.
The news had been well flagged, therefore the shares were little changed on the day at £46.90.
FURTHER PROGRESS
DCC described the net cash proceeds from the sale as ‘not material, reflecting the working capital seasonality, and the supply chain financing (£156 million at 31 March 2025) associated with the business’.
The Info Tech unit contributed around half the tech division’s overall revenue of £2 billion but was operating just above break-even, ‘therefore the market had little (if any) value assigned to it,’ said analysts at Jefferies.
However, chief executive Donal Murphy called the deal ‘a further material step in simplifying our group and focusing on our high growth, high return, energy business’.
Having announced the sale of the Healthcare business April 2025, Murphy insisted the group had made ‘huge strategic progress this year’.
DCC is also planning to sell its Pro Tech and Life Tech businesses, which contribute around £2 billion of revenue and £75 million of EBITA (earnings before interest, tax and amortisation), making it a pure-play energy distribution firm.
