DCC chief executive Donal Murphy said the acquisition significantly expands the group’s presence in the medical devices sector. Photograph: Nick Bradshaw/The Irish TimesFlogas owner DCC has agreed to buy German medical devices business Medi-Globe Technologies, representing its healthcare division’s “largest acquisition to date”, the group said on Thursday.
The London-listed group — which operates across the energy, healthcare and technology sectors — said the deal is expected to generate “mid-teen return on capital employed” over the next three years. It represents the latest in a string of recent bolt-on acquisitions, including Protech in the UK and a biogas investment in Denmark.
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