PipeHawk builds on axle partnership

(ShareCast News) - One of PipeHawk's subsidiaries was building on a significant business relationship on Tuesday, with a new deal focused around the humble axle.The AIM-traded company said its subsidiary - QM Systems - had won the deal with Dana UK Axle to deliver a turnkey system for the final assembly of vehicle axles at its Birmingham facility.PipeHawk said the value of the deal was more than £0.4m.The deal follows on from an existing contract agreed in December 2015, with the company's board saying this new deal would develop the relationship between the two businesses."This is great news for QM Systems, and marks the continues development of QM's unique business model in providing specialist turnkey manufacturing solutions to all industries", said PipeHawk chairman Gordon Watt.The project was due for delivery by the end of the second quarter.