MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


DCC acquires Stampede, Kondor for combined value of £110m

StockMarketWire.com

Support services group DCC said Friday it had acquired two businesses for a combined enterprise value of £110m, while forecasting its profits to be significantly weighted to the second half.

The acquisitions included Stampede, a US-based specialist distributor of professional audio-visual products.

Kondor, meanwhile, was a UK distributor of audio and mobile accessory products to e-tailers, retailers and mobile operators.

DCC said operating profit in the first quarter was in line with expectation, well ahead of the prior year, driven by acquisitions.

It also said it expected to generate profit growth in fiscal 2019. '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,' said Donal Murphy, Chief Executive of DCC.

'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.'





Story provided by StockMarketWire.com