DCC has a war chest of 1.1 billion euros for more acquisitions

The Dublin-based DCC distributor could make more transactions this year to follow two acquisitions announced Friday, according to its general manager Donal Murphy.

Prior to DCC's annual general meeting in Dublin, the group announced that its technology division had acquired Stampede equipment distributors in the United States and Kondor in the United Kingdom for a combined value of 110 million pounds (125 million euros). 19659002] Speaking after the AGM, Mr. Murphy said that it was likely that CDC would buy other businesses this year.

"We have a lot of capital to deploy on acquisitions, there are about 1 billion pounds (1.1 billion euros) sitting on our Mr. Murphy pointed out that the fuel dispenser, technology and London-listed health products spent £ 670 million (€ 759 million) buying rivals in its last fiscal year, which ended in March. 31

Stampede distributes professional audiovisual products to system integrators , resellers, retailers and retailers in the United States, Canada and the United Kingdom.

It recorded a turnover of $ 280 million (240 million euros) as of December 31, 2017 and employ about 1965 people

Stampede represents the first acquisition of DCC Technology in North America and enrolled in the division's strategy of setting up in new countries and adding to its professional audiovisual products.

Kondor distributes mobile devices and accessories. He achieved a turnover of 110 million pounds as of December 31, 2017 and employs about 250 people

Acquisitions

"The acquisition of Kondor strengthens the position of DCC Technology among the leading companies of omnichannel distribution and supply In 1965, DCC expects acquisitions to generate a return on invested capital of approximately 15% in the first full year of ownership.

During the year In the year ending March 31, 2019, CDC's profits were significantly weighted towards the second half of its fiscal year.

"At this very early stage During the past fiscal year, the group reiterated its belief that the year will be another year of earnings growth and development, "he told investors.

CDC has experienced substantial growth in recent years. He said these acquisitions "significantly strengthen" the company. "The acquisition of Stampede significantly strengthens DCC Technology's position in the attractive and expanding Pro AV market and also provides DCC Technology with a platform for growth and development in North America," he said. . The technology service proposal and its position in the market, where she became a leading service provider to the retail chain in Europe. "