Assetco Regulatory News (ASTO)

16 Jan 2009 07:00



16 January 2009

AssetCo plc

AssetCo wins £8m Scottish Ambulance contract

AssetCo plc (AIM : ASTO) is pleased to announce that UV Modular, a wholly owned subsidiary, has been awarded a further contract to supply ambulances to the Scottish Ambulance Service NHS Trust.

The Company will provide 'frontline ambulances' over a two year period in a contract worth approximately £8m, with the potential to extend the contract by a further two years.

This follows on from the successful winning of an earlier £700,000 contract with the Scottish Ambulance Service for the supply of PTS van conversions. In the past four years the Company has been responsible for the design and manufacture of almost all frontline vehicles in service in Scotland. 

Peter Mounsey, Managing Director of UV Modular said:

"This contact win demonstrates that even within today's tough economic conditions, there is a market need for specialist technology and integrated vehicle design and build solutions. Today's public authority clients place great faith in their asset providers to deliver safe and workable solutions."

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