CNT Connaught

 

TIDMSDY TIDMCNT 
 
RNS Number : 3073J 
Speedy Hire PLC 
29 March 2010 
 

                                                                   29 March 2010 
                             Speedy Hire ("Speedy") 
                         Award of Major 5 Year Contract 
Speedy Hire ("Speedy"), the UK's leading provider of equipment rental and 
support services, is pleased to announce that it has entered into a new 5 year 
Strategic Supply Agreement with Connaught plc ("Connaught"), the UK's leading 
integrated services provider, operating in the social housing, environmental, 
public sector and compliance markets. The agreement will run until 2015 and is 
estimated to be worth in excess of GBP20 million over the term. 
Under the terms of the Agreement Speedy will be Connaught's exclusive provider 
of tools and equipment hire across the UK, operate a single dedicated hire desk 
and acquire, under an outsourcing arrangement, a range of equipment currently 
operated by Connaught in house to a maximum value of GBP1 million. 
The agreement builds on a contractualrelationship established in 2008, since 
when Speedy has become a key strategic partner to Connaught. 
Steve Corcoran, Chief Executive of Speedy, commented: "We are delighted to be 
able to announce the latest in a string of long term contract extensions with a 
client with visible workflows and strong growth prospects.  Clients such as 
Connaught continue to see the benefit and value of our network and service 
offering, our fleet investment, our award winning safety and environmental 
support programmes and our industry leading IT infrastructure." 
For further information please contact: 
 
+--------------------------------+----------------------------+ 
| Speedy Hire                    | Tel: +44(0) 1942 720 000   | 
+--------------------------------+----------------------------+ 
| Steven Corcoran, Chief         |                            | 
| Executive                      |                            | 
+--------------------------------+----------------------------+ 
| Justin Read, Group Finance     |                            | 
| Director                       |                            | 
+--------------------------------+----------------------------+ 
|                                |                            | 
+--------------------------------+----------------------------+ 
| Hudson Sandler                 | Tel: +44(0) 207 796 4133   | 
+--------------------------------+----------------------------+ 
| Nick Lyon / Wendy Baker / Kate |                            | 
| Hough                          |                            | 
+--------------------------------+----------------------------+ 
 
 
NOTES TO EDITORS 
Founded in 1977, Speedy is the leading provider of equipment rental and support 
services to a wide range of clients across the construction, infrastructure, 
industrial, manufacturing and facilities management sectors - as well as to 
local trades and industry. 
 
Operating from over 350 fixed sites - together with a number of on-site 
facilities at client locations throughout the UK, Ireland and the Middle East - 
the company supplies a range of services including: 
 
·     the hire of small tools and equipment 
·     surveying and measurement instrumentation 
·     lifting and materials handling equipment 
·     powered and non-powered access equipment 
·     temporary accommodation 
·     compressed air 
·     temporary power generation 
·     mechanical pumps 
·     temporary site communications 
 
The Group also provides associated services through the provision of training, 
asset management and testing, repair, inspection and maintenance (TRIM), as well 
as offering advisory services in areas such as health and safety, environmental 
and regulatory compliance. 
 
Website:  www.speedyhire.plc.uk 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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