Van Elle Holdings PLC Strategic Contract Award - General Piling Division (2270C)
10 Ottobre 2022 - 8:00AM
UK Regulatory
TIDMVANL
RNS Number : 2270C
Van Elle Holdings PLC
10 October 2022
Van Elle Holdings plc
('Van Elle', the 'Company' or the 'Group')
Strategic Contract Award - General Piling Division
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.
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 GBP13m, is due to start on site before Christmas and
complete mid-way through FY24. All works will be delivered by the
General Piling division.
The contract builds the order book and contributes towards
meeting consensus expectations.
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."
For further information, please contact:
Van Elle Holdings plc Via Walbrook
Mark Cutler, Chief Executive Officer
Graeme Campbell, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Tel: 020 7418 8900
corporate broker)
Ed Allsopp / Mike Bell
Walbrook PR Limited Tel: 020 7933 8780
or vanelle@walbrookpr.com
Tom Cooper / Nick Rome 07971 221 972 or 07748
325 236
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(R). 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.
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