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Investing.com -- DCC Plc (LON:DCC) has agreed to sell its InfoTech business in the UK and Ireland to private equity investor AURELIUS for an enterprise value of approximately £100 million.
The company announced Monday that the transaction is on a cash-free, debt-free and normalized working capital basis.
However, DCC noted that the net cash proceeds from the sale are "not material," due to working capital seasonality and supply chain financing associated with the business, which stood at £156 million as of March 31, 2025.
InfoTech generated approximately £2 billion in revenue during fiscal year 2025, representing around half of DCC’s Technology division’s total revenue.
Despite this significant revenue contribution, the business was operating just above break-even levels, contributing less than 10% of the Tech division’s EBITA.
As part of the agreement, DCC will retain freehold title to its UK national distribution center in Burnley, England.
This divestment follows DCC’s previously announced sale of its Health division and represents further progress toward simplifying the group structure.
Following these transactions, only the ProTech and LifeTech components of the Tech division remain to be sold, with those sales expected in calendar year 2026.
The remaining technology businesses are primarily North American operations that generate approximately £2 billion in revenue and £75 million in EBITA.
These units are described as higher value-add and more profitable than the structurally challenged InfoTech business.
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