Major Contract Extension and New Contract Win

RNS Number : 9608Z

Matchtech Group PLC

14 March 2013

 



14 March 2013

Matchtech Group plc

Major Contract Extension and New Contract Win

Matchtech Group plc ("Matchtech" or the "Group") is one of the UK's leaders in specialist engineering, technology, professional staffing and employability & skills recruitment.

The Group is pleased to announce the signing of a major contract extension and a new contract win.

BAE Systems plc via Xchanging - Contract extension

An extension until the end of December 2015 in our contract with a major client, business process outsourcer Xchanging Procurement Services Ltd and its client BAE Systems plc.  This new agreement, with unchanged headline margin, continues to give us access through Xchanging to BAE Systems' technical and non-technical requirements across the UK.

UK Power Networks - New contract win
A new two year managed service contract with the Distribution Network Operator UK Power Networks, http://www.ukpowernetworks.co.uk, covering the provision of temporary and contract recruitment services throughout the UK.

Commenting, Matchtech Group Chief Executive, Adrian Gunn, said:

"We are very pleased to confirm the extension of our contract with Xchanging and its client BAE Systems, extending our relationship for a further period of nearly three years, which is testament to the high level of service Matchtech provides. 

It is also particularly pleasing to be working with UK Power Networks, our first major contract win in the Utilities sector, further broadening our client base."

For further information please contact:

Matchtech Group plc                                          01489 898 989

Adrian Gunn, Chief Executive Officer

Tony Dyer, Chief Financial Officer

MHP Communications                                        020 3128 8100

John Olsen / Ian Payne / Giles Robinson

Numis Securities Limited                                    020 7260 1000

Michael Meade / James Serjeant

Background on Matchtech (AIM: MTEC.L)

Matchtech Group has over 28 years' experience providing niche recruitment services to the engineering, technology, professional staffing and the employability & skills markets.  The group is recognised as the UK's leading specialist recruitment agency providing contract, temporary and permanent staff.

Website: www.matchtechgroupplc.com

 

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