15th Feb 2016 07:56
LONDON (Alliance News) - Security and facilities management services company Mortice Ltd on Monday said its Office & General Group Ltd subsidiary has secured a facilities management contract from the University of Hertfordshire worth more than GBP55.0 million over ten years.
Mortice said the contract will cover the university's entire estate and will supersede a previous, GBP1.8 million-a-year contract the company already held with the institution.
"This represents our largest contract win to date since O&G became part of Mortice in September last year. At the time of acquisition we expected O&G to be immediately earnings enhancing, and the size and scale of this contract highlights the upside potential that O&G offers shareholders, particularly when combined with the strong organic growth of our existing business," said Mortice Executive Chairman Manjit Rajain.
By Sam Unsted; [email protected]; @SamUAtAlliance
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