Contract Update

RNS Number : 1045I

Matchtech Group PLC

23 March 2015

 

23 March 2015

Matchtech Group plc

Contract Update

Matchtech Group plc, (AIM: MTEC) (the "Group"), one of the UK's leading specialist engineering and professional services recruitment companies, announces today that it has signed a number of contracts, with both new and existing clients,  to assist in the search for permanent and contract staff.

This includes winning a competitive tender to provide Southern Water, one of the UK's largest water and wastewater service providers, with candidates from all experience levels across engineering, operational and head office staff, as part of a six-year contract. The Group's appointment, effective immediately, will play a key role in helping Southern Water identify and recruit talent, and utilises the Group's full service offering.

Southern Water, which is a new client for Matchtech, provides services to more than 4.5 million customers across Kent, Sussex, Hampshire and the Isle of Wight, and currently employs more than 2,000 staff. The company will spend around £3 billion enhancing and maintaining its water and wastewater services in the coming five years, which is equivalent to £1,500 for every household and business in its area.

In addition to the Southern Water contract, the Group has:

• Agreed a three-year contract renewal with Mouchel Infrastructure Services to continue to support the recruitment of both specialist engineers and support staff, as Master Vendor of contract, within the Highways & Transportation and Water & Environment sectors. 
• Agreed a two-year extension with WSP Group, one of the world's leading engineering professional services consulting firms, to its master-vendor agreement, which is currently in its sixth year. The Group will continue to manage all temporary and contractor recruitment across all disciplines, with 85% of hires being skilled Technical and Engineering personnel.
• Agreed a 12-month contract renewal with UK Power Networks, which owns and maintains electricity cables and lines across London, the South East and East of England, to provide support around the recruitment of all of its technical and non-technical contract staff. This contract also has the option of being extended for a further two years.  

Keith Lewis, Chief Operating Officer of Matchtech Group plc, said: "These contract wins clearly demonstrate how the breadth and knowledge of our specialist recruitment teams is enabling the Group to meet the demands of new and existing clients alike in sourcing high quality candidates across both the engineering and professional sectors.

"We are looking forward to working closely with these clients in supporting their recruitment drive as they strengthen their workforce to deliver their respective business plans and identifying the best talent that match their culture and requirements."

For further information please contact:

Matchtech Group plc Keith Lewis, Chief Operating Officer	[phone]
Numis Securities Limited Michael Meade James Serjeant	[phone]
Newgate Andrew Jones Ed Treadwell	[phone]

About Matchtech

Matchtech Group plc (LSE-AIM: MTEC), is the UK's leading specialist engineering and professional services recruitment agency, providing contract, temporary and permanent staff. Established in 1984 and AIM-listed in 2006, the Group is one of the fastest growing staffing organisations listed in the UK, with a well-balanced business model; approximately 70% contract and 30% permanent.

The Engineering division spans five specialist sectors - Infrastructure; Automotive, Maritime; Aerospace; Energy - as well as General Engineering.  The Professional Services division covers technology markets through our Connectus and Provanis brands and Professional Staffing though our Alderwood and Barclay Meade brands.  

 

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