RCS - Microlise Group PLC - Contract Wins: GSF and Foodstuffs South Island

MicroliseAnnouncement

20/05/2024 07:00

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RNS Number : 9462O  Microlise Group PLC  20 May 2024

20 May 2024

 

Microlise Group plc

("Microlise", the "Company" or the "Group")

 

Contract Wins

Contracts Expand Presence in New Markets and Geographies

 

Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport
technology solutions to fleet operators, announces the signing of contracts
with GSF Car Parts ('GSF') and Foodstuffs South Island ('FSSI') with a
combined contract value of over £2 million.

 

GSF

 

Microlise has signed a six-year contract with car parts delivery and fitting
company GSF following a competitive tender process. Microlise will provide
GSF's fleet of vans with its ePOD (Proof of Delivery) and Journey Management
software solutions. Microlise's solutions will enable GSF to remove
paper-based processes from its operations and grow its enterprise accounts.

 

The contract increases Microlise's presence in the lighter goods vehicle
segment of the market in line with the Company's strategy to expand in
adjacent markets. Microlise customers are traditionally operators who manage a
large fleet of HGVs, each of which conducting one pre-planned journey each
day. GFS's profile differs from this, with a highly dynamic, high-volume
operation, with lots of delivery requests coming in each day. This win
demonstrates how the Microlise product is flexible enough to penetrate these
newer adjacent markets, supporting new growth with existing products.

 

 

Foodstuffs South Island

 

Microlise has signed a five-year contract with New Zealand based FSSI. FSSI is
the largest grocery retailer in the South Island of New Zealand with over 200
stores across multiple brands as well as providing online grocery services.
The contract significantly increases Microlise's share of the grocery freight
market in New Zealand.

 

Microlise will provide its Journey Management and SmartPOD (Proof of Delivery)
solutions to FSSI's owned vehicles and sub-contracted fleet as part of a major
project by FSSI to refresh its core systems.

 

Microlise was selected owing to its partnership approach, attention to detail
and its existing relationships with Foodstuffs North Island, with which FSSI
recently merged, and Gilmours, which recently merged with FSSI's wholesale
division.

 

Nadeem Raza, CEO of Microlise, commented: "We are delighted to announce these
contracts, both of which are of strategic importance to the Group. GSF expands
our reach into the smaller vehicles segment where our solutions have proven to
be highly capable. Our software only solution greatly expands our potential
market, and we are confident will improve our margins over time.

 

"Signing FSSI means we are now servicing some two thirds of the New Zealand
grocery freight industry. This is an incredible achievement such a short time
after entering the New Zealand market and demonstrates the strength of our
offering and our potential to become market leaders in all the regions we
operate in."

 

 

For further information, please contact:

 

 Microlise Group plc                                                           C/O SEC Newgate

 Nadeem Raza, CEO

 Nick Wightman, CFO

 Singer Capital Markets (Nominated Adviser & Broker)                           Tel: 020 7496 3000

 Steve Pearce / James Moat / Harry Gooden

 SEC Newgate (Financial PR)                                                    Tel: 020 3757 6880

 Bob Huxford / Molly Gretton / Harry Handyside                                 Email: microlise@secnewgate.co.uk (mailto:microlise@secnewgate.co.uk)

 

 

About Microlise

 

Established in 1982, Microlise Group Plc is a leading SaaS provider of
Transport and fleet management solutions. Its technology is designed to help
businesses improve efficiency, reduce emissions, lower costs, and increase
safety on the road.

With a range of products and services used by more than 400 enterprise clients
globally, Microlise helps companies of all shapes and sizes - across a wide
range of industries - to better manage their entire operation.

Backed by a team of experienced professionals who provide excellent customer
service, the Group has won a number of awards, including three Queens Awards
for Innovation (2019, 2020).

Headquartered in the United Kingdom, the company also has offices in France,
Australia, and India with a global staff base of more than 750 industry
professionals.

Handling over 640,000 subscriptions annually, Microlise joined the Alternative
Investment Market (AIM) in 2021, qualifying for the London Stock Exchange's
Green Economy Mark.

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