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25 May 2012 07:00
25 May 2012
Driver Group plc
("Driver Group" or the "Company")
Contract Win
Driver Group, the global construction consultancy, is pleased to announce that following the acquisition of Trett Consulting it has commenced work on a significant assignment.
Trett's Houston business has entered into a Consulting Services Agreement with one of the World's largest independent oil and gas exploration and production companies. Due to confidentiality restrictions details of the company and scope of work cannot be provided. However, the initial Agreement runs for 12 months and the overall involvement is expected to be in excess of 4 years. The first assignment under the Agreement is capped at a fee of approximately US$2m, with further assignments anticipated.
Dave Webster, CEO of Driver Group said: "This is great news for our new Houston business that provides an excellent opportunity to work with a world leader in the resource sector and reflects upon the high calibre of staff and experience in the Houston office. This project provides an ideal opportunity to accelerate the integration of Driver Trett resources."
Enquiries:
Driver Group plc | |
David Webster, Chief Executive | Tel: +44 (0) 1706 223999 |
Damien McDonald, Group Finance Director | |
Alan McClue, Non-executive Chairman | Tel: +44 (0) 7791 546798 |
Charles Stanley Securities Nominated Adviser & Broker | |
Marc Milmo / Carl Holmes | Tel: +44 (0) 207 149 6000 |
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