DCC buys primary care supplier Worner for €80m
By Michele Maatouk
Date: Monday 15 Mar 2021
(Sharecast News) - Sales, marketing, and support services group DCC has agreed to buy Wörner, a supplier of medical and laboratory products to the primary care sector in Germany and Switzerland, for around €80m.
Established in 1991, Wörner is one of the leading primary care suppliers in the fragmented German market, providing nationwide sales and distribution coverage; it also has a strong presence in the Swiss market, DCC said.
The company sells a broad product range to around 20,000 customers annually, including general practitioners, primary care centres, specialist medical centres and laboratories. In 2020, the business recorded revenue of approximately €70m.
DCC said Wörner will continue to be led by its existing management team from its headquarters in Reutlingen, Germany.
The business will join the DCC Vital group, which is involved in the sales, marketing and distribution of medical products to the hospital, community and primary care sectors in Britain and Ireland.
The acquisition, which is subject to competition authority approval in Germany and Austria, is expected to complete in April.
DCC chief executive Donal Murphy said: "The acquisition of Wörner represents a significant scale-up of our primary care business and extends DCC Vital's sales and marketing activities into Continental Europe for the first time.
"DCC Vital is a key growth platform for DCC and has delivered strong organic growth in recent years in the sales and marketing of medical products across the primary care, community, and hospital sectors. DCC Vital will continue to build its business across Europe in the coming years and Wörner will provide an excellent platform for further acquisition activity, both in Germany, Europe's largest healthcare market, and across the DACH region."
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