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.