DCC completes SDA acquisition

Industrial holdings firm DCC said today it has completed the acquisition of Shell Direct Austria (SDA).

Industrial holdings firm DCC said today it has completed the acquisition of Shell Direct Austria (SDA).

The deal to acquire the oil distribution business is worth €18 million.

DCC has entered into a long-term supply arrangement with Shell in Austria, and the business will operate under the oil major’s brand.

DCC acquired €2.1 million in net assets after its takeover of SDA. The group said it expects the Austrian business to generate a return on capital broadly in line with its other energy businesses.

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