RCS - ME Group Intl. - New partnership agreement with Motor Fuel Group

ME InternationalAnnouncement

29/07/2024 07:00

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RNS Number : 1120Y  ME Group International PLC  29 July 2024

 

 

29 July 2024

 

 

ME Group signs new partnership agreement with Motor Fuel Group

to install up to 300 Wash.ME Revolution laundry machines across the UK

 

 

ME Group International PLC (LSE: MEGP), a global leader in automated
instant-service equipment, is pleased to announce it has entered into a new
partnership agreement with Motor Fuel Limited (known as "Motor Fuel Group" or
"MFG"), the UK's largest independent forecourt operator. Under this agreement,
ME Group will be able to install and operate up to 300 Wash.ME Revolution
laundry machines across MFG's UK sites, over the next five years.

 

These machines give consumers access to self-service, large-capacity (9kg and
20kg drums), energy-efficient, high-speed washing and drying laundry services,
24 hours a day, seven days a week.

 

Today, ME Group operates more than 1,462 Wash.ME Revolution laundry machines
across the UK & Republic of Ireland and 5,957 machines globally, and
continues to rapidly expand its estate through the ongoing rollout of new
machines in high footfall locations.

 

Commenting on the new partnership, Vladimir Crasneanscki, Head of UK
Commercial Operations and Head of Investor Relations at ME Group, said:

 

"We are very excited to be working with MFG, which has more than 1,200 sites
across the UK. This partnership is a reflection of the exceptional demand we
are seeing for our Wash.ME Revolution laundry services and we are delighted to
be partnering with the largest independent forecourt operator in the UK.

 

"MFG is a fantastic partner for our Wash.ME Revolution laundry services due to
their focus on providing convenient retail and service options to their
customers. There is a significant opportunity for our Wash.ME Revolution
machines across the UK and this partnership is indicative of our intent for
the UK market and allows for rapid progress in geographic expansion across the
UK."

 

MFG's Trading Director, Anna Roddis, said:

 

"We are delighted to announce this partnership for up to 300 machines across
our UK sites. At MFG, we want to ensure that we have unique and convenient
services available to our customers. Collaborating with ME Group allows us to
enhance our service offering and caters to a growing demand we see in the
market."

 

ENQUIRIES:

 

 ME Group International plc                                            +44 (0) 1372 453 399
 Stéphane Gibon, CFO
 Vlad Crasneanscki, Head of Investor Relations and Head of Commercial
 Operations UK

 Hudson Sandler                                                        +44 (0) 20 7796 4133

 Wendy Baker / Nick Moore / Eloise Fleet                                me-group@hudsonsandler.com (mailto:me-group@hudsonsandler.com)

Note to Editors

 

ME Group International plc (LSE: MEGP) operates, sells and services a wide
range of instant-service vending equipment, primarily aimed at the consumer
market.

 

The Group operates vending units across 18 countries and its technological
innovation is focused on four principal areas:

 

·    Photo.ME   - Photobooths and integrated biometric identification
solutions

·    Wash.ME   - Unattended laundry services and launderettes

·    Print.ME     - High-quality digital printing kiosks

·    Feed.ME    - Vending equipment for the food service market

 

In addition, the Group operates other vending equipment such as children's
rides, amusement machines, and business service equipment.

 

Whilst the Group both sells and services this equipment, the majority of units
are owned, operated and maintained by the Group. The Group pays the site owner
a commission based on turnover, which varies depending on the country,
location and the type of machine.

 

The Group has built long-term relationships with major site owners and its
equipment is generally sited in prime locations in areas of high footfall such
as supermarkets, shopping malls (indoors and outdoors), transport hubs, and
administration buildings (City Halls, Police etc.). Equipment is maintained
and serviced by an established network of more than 650 field engineers.

 

In August 2022 the Company changed its listed entity name to ME Group
International plc (previously Photo-Me International plc) to better reflect
the Group's diversification focus and business strategy.

 

The Company's shares have been listed on the London Stock Exchange since 1962.

 

For further information: www.me-group.com (http://www.me-group.com)

 

 

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