ABM UK Expands Significantly With Key Contract Wins
August 17 2017 - 8:00AM
ABM (NYSE:ABM), a leading provider of facility solutions, announced
several key contract wins collectively totaling more than $100
million, or £75 million, of annualized revenue signifying the
Company’s growing business in the United Kingdom.
ABM UK was recently awarded a five-year contract
for facilities services by Transport for London (TfL), the
government organization responsible for London’s transport system.
The agreement includes the cleaning of Tube stations, trains,
bus depots, head office buildings and the London Transport
Museum.
Andy Donnell, ABM UK Group Managing Director,
said, “ABM UK has a great track record of looking after some of
London’s most iconic sites, including City Hall, the O2 Arena, and
Southbank. The buses, trains and Tubes are a defining feature
of daily life in London and we are proud and honored to be working
alongside TfL. We look forward to playing our part in helping
to keep London moving, working and growing.”
ABM’s contract with TfL is one of six facilities
management deals that have been consolidated from 50 as part of
TfL’s work to deliver the Mayor of London’s plans to improve public
transport while reducing day-to-day operating costs and delivering
the best possible value. This contract also includes a
commitment to employ approximately 3,000 people.
Scott Salmirs, President and Chief Executive
Officer of ABM Industries, commented, “Through the hard work and
diligence of Andy and the entire ABM UK team, we are establishing
ABM as a strong integrated facilities management company across the
United Kingdom.”
The TfL contract follows recent contract wins
with Thomas More Square, the Belfry Shopping Centre and Wagamama
restaurants, which further establishes ABM’s presence throughout
London.
Beyond its work in greater London, ABM UK was
also awarded a three-year contract to provide a range of facilities
management services to the retail center, The Centre, Livingston in
Scotland. The contract, which is managed by the global real
estate services provider, Savills, includes cleaning, security,
customer service, and facilities management.
ABOUT ABM
ABM (NYSE:ABM) is a leading provider of facility
solutions with revenues of approximately $5.1 billion and over
100,000 employees in 300+ offices throughout the United States and
various international locations. ABM’s comprehensive capabilities
include janitorial, electrical & lighting, energy solutions,
facilities engineering, HVAC & mechanical, landscape &
turf, mission critical solutions and parking, provided through
stand-alone or integrated solutions. ABM provides custom facility
solutions in urban, suburban and rural areas to properties of all
sizes - from schools and commercial buildings to hospitals, data
centers, manufacturing plants and airports. ABM Industries
Incorporated, which operates through its subsidiaries, was founded
in 1909. For more information, visit www.abm.com.
Cautionary Statement under the Private
Securities Litigation Reform Act of 1995
This press release contains forward-looking
statements relating to, among other things, ABM UK Group’s
business, including certain contracts described in this press
release entered into by ABM UK Group, a subsidiary of ABM
Industries Incorporated ("ABM" and, together with its subsidiaries,
collectively referred to as "ABM," "we," "us," "our," or the
"Company"). These statements are not guarantees of future
performance and are subject to known and unknown risks,
uncertainties, and assumptions that are difficult to predict.
For us, particular uncertainties that could cause our actual
results to be materially different from those expressed or implied
in our forward-looking statements include: our ability to
successfully perform under these contracts, whether anticipated
revenue will be generated from these contracts, and whether we will
be successful in continuing to grow our UK business. Additional
information regarding these and other risks and uncertainties we
face is contained in our Annual Report on Form 10-K for the year
ended October 31, 2016 and in other reports we file from time to
time with the Securities and Exchange Commission (including all
amendments to those reports). We urge readers to consider these
risks and uncertainties in evaluating our forward-looking
statements. We caution readers not to place undue reliance upon any
such forward-looking statements, which speak only as of the date
made. We undertake no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by law.
Contact:
Investor & Media Relations:
Susie A. Choi
(212) 297-9721
susie.choi@abm.com
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