DCC subsidiary DMA has been awarded £10.2m in London's High Court against Pihsiang Machinery Manufacturing following its breach of a long term supply agreement with DCC's UK based mobility products subsidiary.
Pihsiang is a Taiwanese public company, and the action was against its chairman and major shareholder Mr Donald Wu and his wife and director Mrs Jenny Wu.
Last May DCC announced its mobility and rehabilitation business had been severely impacted by the wrongful cessation of its supply of Shoprider powered mobility products by Pihsiang.
The matter was heard in the High Court in London in October, November and December 2003 and was settled by Mr Justice Langley today.
In the course of a 126 page judgment Mr Justice Langley found the three defendants had wrongfully repudiated the long term supply agreement with DMA.
Jim Flavin, DCC chief executive said: 'Today's judgment is an endorsement of the strategy, marketing and distribution expertise of DCC Healthcare and its subsidiary DMA that led to growth from 12% to 19% in Shoprider's share of the European mobility scooter market over five years.'
He added: 'That achievement and the result of the court action is a tribute to the hard work and commitment of Morgan Crowe, Managing Director of DCC Healthcare, Barry O'Neill, Managing Director of DMA, and all of its management and staff.'
