Babcock International Group PLC
25 October 2006
25 October 2006
BABCOCK INTERNATIONAL GROUP PLC
Preferred Bidder Award for National Grid Alliancing Contract
Babcock International Group PLC ('Babcock'), the support services company,
announces that its Networks business, in partnership with AMEC plc and Mott
McDonald Ltd has been appointed preferred bidder by National Grid for the West
Overhead Line and Cable Alliance.
The award is for the delivery of National Grid's capital works programme for
overhead transmission lines and cable works in the West of England and
throughout Wales. Babcock has extensive experience in alliance partnering, and
through Eve - its power transmission division - it has recognised expertise in
the field of overhead transmission line design and engineering.
The contract, worth around £100m a year to the Alliance for an initial period of
five years, renewable for a further five years, is expected to be awarded in
January 2007.
Peter Rogers, Chief Executive of Babcock, commented:
'This is a significant win for Babcock and its partners, reflecting Babcock's
expertise in the technically sophisticated area of support services. The award
represents an advance in the way of doing business to an alliance/partnership
structure - a concept with which we are familiar. This will allow long term
planning for our business, which will deliver real efficiency benefits. We look
forward to working with National Grid and our partners in the coming years.'
Enquiries:
Babcock International Group PLC Tel: 020 7291 5000
Peter Rogers (Chief Executive)
Bill Tame (Finance Director)
Financial Dynamics Tel: 020 7269 7121
Andrew Lorenz / Susanne Walker
Notes to editors:
About Babcock International Group PLC
Babcock International Group PLC is an asset management business. We manage
fixed infrastructure and mobile assets for a range of blue chip customers.
Babcock integrates labour, technical capabilities, systems and supply chain
partners to meet the outsourcing needs of customers for 'mission-critical'
capabilities.
In the year to 31 March 2006 sales from continuing business were £837 million.
The Group operates across five core business segments:
Defence Services, supplying facilities management, equipment support and
training services to the armed forces.
Technical Services, providing engineering and logistical support to both the
defence and civil sectors in the UK.
Engineering and Plant Services, supplying design, installation and maintenance
support to the energy sector in Africa and the US. It also holds the Volvo
franchise for construction equipment in Southern Africa.
Rail, providing design, renewal and installation services for the UK rail
infrastructure.
Networks, supporting the design, maintenance and renewal of power transmission
and cellular telecommunications networks in the UK.
Babcock's head office is in London and the Company's shares are quoted on the
London Stock Exchange in the support services sector (EPIC: BAB). For further
information, please visit Babcock's website at www.Babcock.co.uk.
Engineering and Plant Services, supplying design, installation and maintenance
support to the energy sector in Africa and the US. It also holds the Volvo
franchise for construction equipment in Southern Africa.
Rail, providing design, renewal and installation services for the UK rail
infrastructure.
Networks, supporting the design, maintenance and renewal of power transmission
and cellular telecommunications networks in the UK.
Babcock's head office is in London and the Company's shares are quoted on the
London Stock Exchange in the support services sector (EPIC: BAB). For further
information, please visit Babcock's website at www.Babcock.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange ND
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