Business
Contract win
Contract win.
About this update from Speedy Hire Plc
[{"type":"text","content":"\n\n\nSpeedy Hire Plc\n(\"Speedy Hire\", \"the Company\" or \"the Group\")\n \n 20 June 2024\n \n \nContract win\n \nSpeedy Hire secures major infrastructure contract with Amey\n \nSpeedy 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\").\nThis 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.\nAmey, 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.\nAs 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.\nDan Evans, Chief Executive, Speedy Hire, commented:\n\"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.\nOur Velocity strategy positions Speedy Hire strongly to continue to support all our customers, which we are very pleased now includes Amey\"\nJohn Faulkner, Chief Operating Officer, Amey, said:\n\"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.\nThis 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.\"\nEnquiries:\n \n\n\n\n\nSpeedy Hire Plc\nDan Evan...