Babcock International Awarded GBP50 Million Fleet Management Contract
June 18 2013 - 6:05AM
Dow Jones News
LONDON--Engineering support services company Babcock
International Group PLC (BAB.LN) said Tuesday that it has been
awarded a 50 million pound, 5 year contract by Aggregate
Industries, part of the Holcim Group, to provide a fleet management
service for its heavy mobile equipment across its U.K.
operations.
MAIN FACTS:
-The contract, which becomes operational immediately, is based
on availability and is underpinned by service level guarantees.
-Shares at 0933 GMT, up a penny, or 0.2%, at 650 pence valuing
the company at GBP970 million.
-Write to Rory Gallivan at rory.gallivan@dowjones.com; Twitter:
@RoryGallivan
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