Business
DCC Energy Insights Day and Five New Acquisitions
DCC Energy Insights Day and Five New Acquisitions.
About this update from Dcc Plc
[{"type":"text","content":"\n\n6 September 2023\n \nDCC Energy Insights Day and Five New Acquisitions\nDCC plc, the leading international sales, marketing and support services group, is hosting a DCC Energy Insights Day, including a customer site visit, near Paris, France today.\nThe event will be hosted by senior Group, Divisional and business unit management and will focus on DCC Energy's exciting growth prospects, business model and differentiated strategy to provide cleaner energy to its customers. DCC issued an Interim Management Statement for the first quarter ended 30 June 2023 on 13 July 2023 and no new financial information or trading update will be provided today. The presentation slides and transcript will be available at www.dcc.ie following the event.\nDCC Energy Acquisition Activity\nSince the Group's full year results announcement in May 2023, DCC Energy has committed approximately £160 million to five new acquisitions which support its strategy to build a leading energy management business and further expand its offering in the distribution of lower-carbon products:\n· Centreco, a market-leading Solar PV and energy consultancy business in the UK, which services commercial and industrial customers nationally;\n· Isolatiespecialist, a leading provider of energy efficiency and insulation services to domestic and commercial customers in the Netherlands;\n· Solcellekraft, one of Norway's largest Solar PV businesses, servicing commercial and domestic customers;\n· SLER40, a French Solar PV and heat pump business servicing domestic and commercial customers with design, installation, and maintenance services; and\n· San Isabel Services Propane, a US propane distributor which services both domestic and commercial customers in Colorado.\nThe acquisitions are expected to deliver a mid-teen return on capital employed in their first full year of ownership.\nDonal Murphy, Chief Executive of DCC plc, said today:\n\"We look forward to meeting with investors and analysts later today in Paris. It's an exciting time for DCC Energy as we showcase our energy strategy and provide detailed insight into the progress we are making. As set out in May 2023, DCC Energy plans to double its adjusted operating profit by 2030 and our strategy will significantly reduce our customers' carbon emissions. We are also announcing five new acquisitions today as we exe...