Re Contract
07 Abril 2010 - 1:00AM
UK Regulatory
TIDMSSV
RNS Number : 7911J
Siteserv PLC
06 April 2010
Siteserv PLC
Contract worth up to EUR60 million with Bord Gáis Energy for the supply of Home
Energy Services
Creation of 90 jobs and expansion into the North of Ireland
Further to the announcement on 15 December 2009, Siteserv plc (quoted on IEX and
AIM), through its subsidiary Sierra Communications Limited ("Sierra") a leading
services provider to the telecommunications, power & energy and civil
engineering sectors, has now signed a contract worth up to EUR60 million to become
the sole services provider associated with the installation, maintenance and
testing of domestic boilers and a range of energy efficient products and
services to Bord Gáis Energy.
Sierra will incorporate the existing Bord Gáis Energy Appliance Servicing
business into a new division which will initially employ 20 new full time staff
in the areas of management and administration. In addition to a number of
subcontracted staff who will transfer to the new division, the company will also
create a further 70 building services jobs over the next 12 months. Separately,
Sierra will also expand its services into the North of Ireland, establishing an
office in this market. The contract was secured in a competitive tender process,
in which both international and Irish companies participated.
The contract has an estimated value of up to EUR60m over the 3-year term and has a
potential to extend for a further 2 yearspotentially bringing the value to
approximately EUR100 million in total.
For further information contact:
+--------------------------------+----------------------------------+----------+----------+----------+
| Brian Harvey, Chief Executive | + 353 1 6011550 | | | |
+--------------------------------+----------------------------------+----------+----------+----------+
| Niall Devereux, Group Finance | + 353 1 6011550 | | | |
| Director | | | | |
+--------------------------------+----------------------------------+----------+----------+----------+
| Des Carville: Davy Corporate | + 353 1 679 6363 | | | |
| Finance | | | | |
+--------------------------------+----------------------------------+----------+----------+----------+
Note:
Siteserv plc, quoted on IEX and AIM, is a leading support services group and a
holding company for the following businesses:
RoanKabin, Sierra Support Services, Holgate Infrastructure & Motorway Services,
Easy Access,
Rentafence, Donohue Scaffolding, Eventserv, Deborah Services (UK).
Operating out of 50 strategic locations in the United Kingdom and Ireland,
Siteserv plc provide Infrastructure and Utilities Support services, Industrial
and Multi-Discipline services, Access Equipment Hire and Sales services to a
wide range of sectors including: Petrochemical, Power Generation, Nuclear
Power, Education, Healthcare, Pharmaceuticals, Utilities, Civil Engineering,
Special Events, Agriculture, Motorway Construction, Satellite, Building and
General Contracting.
Sierra has over 30 years experience working throughout the country, and has
significant experience managing large scale projects and workforces. Sierra
became part of Siteserv plc in 2007, a leading Infrastructure services group
operating out of more than 50 strategic locations in Ireland and the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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