DCC buys UK data business for £38m
Published 15/10/2016 | 02:30
Dublin-based DCC, which is listed on the London stock market, has bought UK data storage company Hammer for £38.3m (€42m) in cash.
DCC said Hammer's business is complementary to its own server and storage businesses.
The deal is subject to competition clearance, but is expected to close by the end of the year.
Hammer employs 165 people and made an operating profit of £6.3m on revenue of £155m.
The company is being bought by DCC Technology, which trades as Exertis.
Hammer distributes server and storage products for suppliers including Dell, Intel, NetApp, Seagate and Western Digital, and sells to customers in the UK, France, Germany, Sweden, Holland and Belgium.
DCC operates divisions that distribute energy products, electronics and healthcare products and also operates in the waste management sector.
"The acquisition of Hammer will significantly strengthen the product and service capability offered by Exertis to its reseller customers.
"In addition, Hammer's expertise will better enable us to take advantage of positive industry trends, including growth in cloud data centres and demand for big data analytics," said DCC chief executive Tommy Breen.
Shares in DCC closed down 1pc at £69.40 each yesterday.