Speedy Hire Regulatory News (SDY)

21 Jul 2009 07:01



21 July 2009

Speedy Hire Plc 

('Speedy' or 'the Company' or 'the Group')

MIDDLE EAST

Speedy is pleased to announce that it has signed a Memorandum of Understanding ('MOU') with Al Futtaim Carillion, Carillion's long-standing joint venture in the Middle East, to provide equipment, asset management and site support services to Al Futtaim Carillion's operations across the region.

Steve Corcoran, Speedy's CEO, commented:

"This demonstrates the success of our strategy of developing even closer relationships with our chosen partners. We have had a Speedy implant team working with Carillion's local management in the UAE for the last 6 months to understand better its business and develop new ways of working that will support Carillion's growth in the Middle East.

We see attractive long term growth opportunities in the region and are delighted that this MOU provides an opportunity for us to extend the scope of our activities with Carillion outside the UK. Our relationship with Carillion demonstrates that by working with customers more intimately and with a long-term perspective, Speedy can add tangible long-term value. We expect this initiative to provide an excellent platform to extend our services to other customers across the Middle East and other geographic territories over time."

Contacts

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