HAVELOCK EUROPA PLC
("Havelock" or the "Company")
Havelock Europa agrees £20m education framework agreement with Balfour Beatty Construction Scottish & Southern Limited
Havelock Europa (HVE.L), the retail and educational interiors and point of sale printing group, is pleased to announce the signing of an education framework agreement with Balfour Beatty Construction. This agreement extends Havelock's strategy of investing in the educational supply market.
The framework agreement, which is likely to be worth in excess of £20 million in sales over a three year period, will involve the supply of products and services within the education sector. Currently 30 schools in Southern England will be covered under the agreement, with the opportunity to add more schemes during the life of the agreement.
Havelock will lead initial customer engagement, through design and ultimately manufacture or procurement of all school furniture, fittings and associated equipment.
Commenting on the agreement, Eric Prescott, CEO said:
"This framework agreement strengthens our leadership in the educational supply market and provides us with good visibility going forward. Having worked with Balfour Beatty for many years, we are delighted that our relationship has been recognised through a framework agreement and now both parties can now focus on maximising the value and quality of service we deliver for our mutual customers."
Enquiries:
Havelock Europa PLC | 01383 820044 |
Eric Prescott, Chief Executive
Grant Findlay, Finance Director |
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Investec Investment Banking (Nomad) James Grace
Keith Anderson
Duncan Williamson | 020 7597 4000 |
Cardew Group | 020 7930 0777 |
Rob Ballantyne
Shan Shan Willenbrock
Sophie Leigh Pemberton
