REG - Speedy Hire PLC - Contract win

Speedy HireAnnouncement

20/06/2024 09:45

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RNS Number : 2296T  Speedy Hire PLC  20 June 2024

Speedy Hire Plc

("Speedy Hire", "the Company" or "the Group")

 

 20 June 2024

 

 

Contract win

 

Speedy Hire secures major infrastructure contract with Amey

 

Speedy Hire, the UK's leading tools and equipment hire services company,
operating across the construction, infrastructure and industrial
markets, announces that it has secured a major new core hire and solutions
contract with Amey Group Services Limited ("Amey").

This new long-term contract, for revenue of up to £25m per annum, is due to
mobilise during the second half of Speedy Hire's financial year subject to a
transition period to allow for a seamless integration.

Amey, a leading provider of engineering, operations and decarbonisation
solutions for UK infrastructure, selected Speedy Hire due to its industry
leading sustainability credentials and wide range of commercially sustainable
eco-products, all of which align with Amey's own ESG framework and purpose to
deliver sustainable infrastructure solutions.

As part of the agreement, Speedy Hire will provide non-operated plant hire to
Amey's operations on a range of sector contracts including rail, highways and
public estates, a significant proportion of which consists of innovative
eco-products, including H-Power Generators from Speedy Hydrogen Solutions and
battery storage units from Green Power Hire.

Dan Evans, Chief Executive, Speedy Hire, commented:

"We are delighted to commence our relationship with Amey, by securing this new
contract which is testament to our leadership position in our sector, along
with our ability to service major customers with commercially sustainable
products and services.

Our Velocity strategy positions Speedy Hire strongly to continue to support
all our customers, which we are very pleased now includes Amey"

John Faulkner, Chief Operating Officer, Amey, said:

"We are delighted to enter a new partnership with Speedy Hire as a trusted
provider of the sustainable products and services we require that play an
important part in meeting our sustainability targets.

This new contract signifies a strategic alliance between Amey and Speedy Hire
in our common goals to play a critical role in protecting the natural
environment while accelerating the UK's transition to Net Zero."

Enquiries:

 

 Speedy Hire Plc                                      Tel: 01942 720 000

 Dan Evans, Chief Executive

 Paul Rayner, Chief Financial Officer

 MHP Communications                                   Tel: 07736 464749

 Oliver Hughes

 Katie Hunt

 Speedy@mhpgroup.com (mailto:Speedy@mhpgroup.com)

 

 

 

Notes to Editors:

Founded in 1977, Speedy Hire is the UK's leading provider of tools and
equipment hire services to a wide range of customers in the construction,
infrastructure and industrial markets, as well as to local trade and
industry.  The Group provides complementary support services through the
provision of training, asset management and compliance services. Speedy Hire
is certified nationally to ISO50001, ISO9001, ISO14001, ISO17020, ISO27001 and
ISO45001. The Group operates from c.150 fixed sites across the UK and Ireland
together with a number of on-site facilities at client locations and through a
joint venture in Kazakhstan.

About Amey: Amey is a leading provider of full life-cycle engineering,
operations and decarbonisation solutions, for transport infrastructure and
complex facilities. Its purpose is to deliver sustainable infrastructure
solutions, enhance life, and protect our shared future. Amey combines
exceptional expertise in Consulting & Design, Advisory & Analytics,
Transport Infrastructure and Complex Facilities to design, manage, and
maintain clients' assets throughout their lifetime. Amey's leading data and
analytics capability enables the company to create transformative solutions
that strengthen resilience and drive sustainable improvements. For more
information please visit Amey's website: www.amey.co.uk

 

 

 

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