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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: