Contract Win (0787E)
May 25 2012 - 2:00AM
UK Regulatory
TIDMDRV
RNS Number : 0787E
Driver Group plc
25 May 2012
25 May 2012
Driver Group plc
("Driver Group" or the "Company")
Contract Win
Driver Group, the global construction consultancy, is pleased to
announce that following the acquisition of Trett Consulting it has
commenced work on a significant assignment.
Trett's Houston business has entered into a Consulting Services
Agreement with one of the World's largest independent oil and gas
exploration and production companies. Due to confidentiality
restrictions details of the company and scope of work cannot be
provided. However, the initial Agreement runs for 12 months and the
overall involvement is expected to be in excess of 4 years. The
first assignment under the Agreement is capped at a fee of
approximately US$2m, with further assignments anticipated.
Dave Webster, CEO of Driver Group said: "This is great news for
our new Houston business that provides an excellent opportunity to
work with a world leader in the resource sector and reflects upon
the high calibre of staff and experience in the Houston office.
This project provides an ideal opportunity to accelerate the
integration of Driver Trett resources."
Enquiries:
Driver Group plc
David Webster, Chief Executive Tel: +44 (0) 1706 223999
Damien McDonald, Group
Finance Director
Alan McClue, Non-executive Tel: +44 (0) 7791 546798
Chairman
Charles Stanley Securities
Nominated Adviser & Broker
Marc Milmo / Carl Holmes Tel: +44 (0) 207 149 6000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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