10 Oct 2022 07:00
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Van Elle Holdings plc
('Van Elle', the 'Company' or the 'Group')
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Strategic Contract Award - General Piling Division
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Van Elle Holdings plc (AIM: VANL), the UK's largest ground engineering contractor, announces a further major contract win with a key customer in the energy sector.
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The project in the South East follows the award of a similar scheme in the Midlands announced in the trading update of 17 May 2022, which is progressing well. The new contract is valued at around £13m, is due to start on site before Christmas and complete mid-way through FY24. All works will be delivered by the General Piling division.
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The contract builds the order book and contributes towards meeting consensus expectations.
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Commenting on the contract award, Mark Cutler, Chief Executive of Van Elle, said:
"The energy sector is a particular focus for Van Elle given its long-term growth characteristics and our strong track record. We are very pleased to be announcing a second significant contract award in the sector this year."
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For further information, please contact:
Van Elle Holdings plc Mark Cutler, Chief Executive Officer Graeme Campbell, Chief Financial Officer | Via Walbrook |
Peel Hunt LLP (Nominated Adviser and corporate broker) Ed Allsopp / Mike Bell | Tel: 020 7418 8900 |
Walbrook PR Limited | Tel: 020 7933 8780 or vanelle@walbrookpr.com |
Tom Cooper / Nick Rome | 07971 221 972 or 07748 325 236 |
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About Van Elle Holdings plc:
Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. The Company provides a range of ground engineering techniques and services including - ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.
Van Elle operates through three divisions: General Piling, Specialist Piling and Rail, and Ground Engineering Services; and is focused on three end markets: residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.
General Piling provides a range of larger piling and ground engineering solutions for open-site construction projects. Specialist Piling and Rail provides a range of geotechnical solutions in operationally constrained environments including on-track rail applications. Ground Engineering Services offers a range of ground investigation and geotechnical services and modular foundation solutions such as Smartfoot®. Van Elle has a market-leading reputation and the UK's largest rig fleet of 122 rigs.
Having floated on AIM in 2016 it now has a strong national presence, diversified offering and market-leading brand name.