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IN BRIEF: Water Intelligence unveils major deal with US housebuilder

6th Oct 2021 11:12

Water Intelligence PLC - London-based provider of leak detection services - Reports contract win for its American Leak Detection subsidiary with an unnamed home builder in the Midwest US on new construction projects. ALD will provide water and wastewater services, with the contract expected to increase sales over the next 12 months by USD1 million or more. ALD expects the contract to grow over time as market demand for new homes outside of urban areas increases following the pandemic, the company states.

"We look forward to increasing our national accounts with home builders, leveraging the same process that we have developed with national and regional insurance companies," Water Intelligence comments.

Current stock price: 1,140.00 pence

Year-to-date change: up sharply from 500p on December 31

By Will Paige; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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