TIDMDCC
RNS Number : 5587U
DCC PLC
13 July 2018
13 July 2018
DCC Technology announces acquisitions in the US and UK
DCC plc, the leading international sales, marketing and support
services group, announces that DCC Technology has acquired Stampede
Global Holdings Inc. ('Stampede'), a specialist distributor of
professional audio-visual ('Pro AV') products and solutions. DCC
Technology also recently acquired Kondor Limited ('Kondor'), a
provider of category management services for audio and mobile
accessory products to the retail channel in the UK and Continental
Europe.
Stampede
Stampede, which is headquartered in Buffalo, New York, supplies
Pro AV products including large format display, projectors, lamps,
drones and accessories to system integrators, value-added
resellers, retailers and etailers in the US, Canada and the UK.
Stampede also provides Pro AV solutions to the hospitality,
government, corporate and education sectors. Stampede partners
with, and supplies products from, leading Pro AV brands such as
Christie, Epson, LG, NEC, Samsung and Sharp. Stampede recorded
revenue of $280 million in the year ended 31 December 2017 and
employs approximately 210 people.
The acquisition of Stampede, one of the leading specialist Pro
AV distributors in the US, represents DCC Technology's first
acquisition in North America and is consistent with DCC
Technology's strategy to extend the geographic footprint and
product range of its successful and growing Pro AV business,
strengthening its partnership with existing suppliers, while also
broadening its base of customers and suppliers.
Kondor
Kondor, based in the South of England, distributes audio and
mobile accessory products to etailers, retailers and mobile
operators in the UK and Continental Europe. It partners with mobile
and accessory brand owners and has an extensive portfolio of
own-brand products, complementing its third-party brands. Kondor
also provides outsourced category management services, including
category/brand management, marketing support, promotional display,
brand support and advanced stock solutions, to the retail channel.
Kondor generated revenue of GBP110 million in the year ended 31
December 2017 and employs approximately 250 people.
The acquisition of Kondor is highly complementary to DCC
Technology's existing operations and strengthens its position as
one of the leading omnichannel distribution and supply chain
businesses in Europe.
The combined initial enterprise value of Stampede and Kondor is
c.GBP110 million. DCC expects the acquisitions to generate a return
on capital employed of c.15% in the first full year of
ownership.
Donal Murphy, Chief Executive of DCC plc, said today:
"The acquisition of Stampede significantly strengthens DCC
Technology's position in the attractive and growing Pro AV market
and also provides DCC Technology with a platform for growth and
development in North America. The acquisition of Kondor further
enhances both DCC Technology's service proposition and its market
position, where it has grown to be a leading service provider to
the retail channel in Europe."
For reference:
Donal Murphy, Chief Executive
Kevin Lucey, Head of Capital Markets
Telephone: +353 1 2799 400
Email: investorrelations@dcc.ie
Web: www.dcc.ie
Powerscourt (Media)
Lisa Kavanagh / Victoria Palmer-Moore
Telephone: +44 20 7250 1446
Email: DCC@powerscourtgroup.com
About DCC plc
DCC is a leading international sales, marketing and support
services group with a clear focus on performance and growth. It
operates through four divisions: LPG, Retail & Oil, Healthcare
and Technology.
DCC is an ambitious and entrepreneurial business operating in 17
countries, supplying products and services used by millions of
people every day throughout Europe. Building strong routes to
market, driving for results, focusing on cash conversion and
generating superior sustainable returns on capital employed enable
the Group to reinvest in its business, creating value for its
stakeholders.
Headquartered in Dublin, employing approximately 11,000 people,
DCC's four divisions are:
-- DCC LPG - a leading LPG sales and marketing business with
operations in Europe, Asia and the US and a developing business in
the retailing of natural gas and electricity;
-- DCC Retail & Oil - a leader in the sales, marketing and
retailing of transport and commercial fuels, heating oils and
related products and services in Europe;
-- DCC Healthcare - a leading healthcare business, providing
products and services to healthcare providers and health and beauty
brand owners; and
-- DCC Technology - a leading sales, marketing and services
partner for global technology brands.
DCC plc is listed on the London Stock Exchange and is a
constituent of the FTSE 100. In its financial year ended 31 March
2018, DCC generated revenue of GBP14.3 billion and operating profit
of GBP383.4 million.
About DCC Technology
DCC Technology is a leading route-to-market and supply chain
partner for global technology brands.
DCC Technology, which principally trades under the Exertis
brand, provides a broad range of consumer and business technology
products and services to customers across the consumer, B2B and
enterprise markets. It now operates in 16 countries with its
principal operations in the UK, Ireland, France, Sweden, the US,
Canada and the United Arab Emirates.
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END
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