(Alliance News) - DCC PLC on Monday said its Healthcare unit has agreed to acquire Worner Medizinprodukte Holding GmbH for EUR80 million.
Worner is a supplier of medical and laboratory products to the primary care sector in Germany and Switzerland. The business recorded revenue of EUR70 million in 2020 and employs 158 people. Worner will continue to be led by its existing management team from its headquarters in Reutlingen, Germany.
The FTSE 100-listed sales, marketing, and support services company said Worner will join the DCC Vital group, a distributor of medical products to the hospital, community and primary care sectors in the UK and Ireland. The acquisition will provide a platform for the expansion of DCC Vital's broader activities into Continental Europe, particularly in Germany, DCC noted.
The acquisition is expected to complete in April.
"DCC Vital is a key growth platform for DCC and has delivered strong organic growth in recent years in the sales and marketing of medical products across the primary care, community, and hospital sectors. DCC Vital will continue to build its business across Europe in the coming years and Worner will provide an excellent platform for further acquisition activity," said DCC Chief Executive Donal Murphy.
DCC shares were trading 1.1% higher in London on Monday at 6,038.00 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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