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DCC PLC on Thursday said it has agreed to acquire the liquid gas businesses in Poland, Hungary, Czechia and Slovakia of Paris-based gas distributor UGI International LLC. The Dublin-based provider of sales, marketing and distribution services to the energy sector said the acquisitions are based on an enterprise value of around €48 million on a cash-free, debt-free basis. The consideration will be settled in cash on completion. The deal will give DCC access to more than 30,000 bulk and cylinder customers and over 200 million litres of annual volumes, supported by ‘well-invested infrastructure’ across the four countries and a shared service centre in Warsaw. Warsaw-based AmeriGas Polska is the largest of the four businesses, and has 10,000 bulk customers and 8,000 cylinder customers. It is the second-largest player in Poland with a market share of around 13% in the liquid gas market, excluding auto gas in which it does not operate. ‘DCC has an exciting opportunity to further consolidate and drive returns in this relatively fragmented market,’ the company noted. The acquisitions are expected to complete within six months, subject to approvals, and should deliver a mid-teen return on capital from the second year of ownership. ‘These latest acquisitions demonstrate DCC’s ability to expand our business in new attractive markets. Liquid gas represents a compelling growth opportunity for DCC to consolidate fragmented markets at high returns. We are very focused on growing our liquid gas business in both Europe and North America,’ said DCC Chief Executive Donal Murphy. ‘We are already leaders in liquid gas in six European markets where we provide lower-carbon energy solutions to our loyal customer base. We are leveraging these leadership positions to build a comprehensive Energy Solutions business.’ Shares in DCC were up 1.2% at 4,500.00 pence on Thursday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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