DCC plc has completed the divestment of its UK and Ireland tech business for £100 million.
The Irish sales, marketing and support services conglomerate, founded in 1976 as a venture capital firm and listed in London, is undergoing a restructure announced last year to simplify its business.
Looking to focus on its energy business, earlier this year it sold its healthcare division for £1 billion – and it has now divested its Info Tech business in the UK&I to German-based private equity group Aurelius.
In the year ending 31st March 2025, the division recorded revenue of £2bn and represented approximately 1% of DCC’s continuing operating profit.
The net cash proceeds to DCC of the transaction are not material, it said, reflecting the working capital seasonality and supply chain financing – £156m at 31st March 2025 – associated with the business.
The deal sees DCC retain the freehold title of its UK national distribution centre in Burnley.
The remainder of DCC Technology, its Pro Tech business, is principally based in North America, with a smaller growth platform in Europe. This specialises in audiovisual equipment for events companies.
“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,” said CEO Donal Murphy earlier this year.
“It follows the sale of DCC Healthcare announced in April 2025. We have made huge strategic progress this year.
“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.”