30th Jun 2025 07:00
30 June 2025
Amcomri Group plc
("Amcomri", the "Company" or the "Group")
£12.9m Contract Win
Amcomri Group plc (AIM: AMCO), the "Buy, Improve, Build" UK focused, specialist engineering services and industrial manufacturing group, is pleased to announce that it has secured a new £12.9m contract within the Group's Embedded Engineering division, to be delivered over the next two financial years, with a UK-based developer and operator of facilities associated with the renewable energy sector.
Work on the contract will commence shortly and will be completed by companies within the Group's Embedded Engineering division, contributing to the Group's current FY25 expectations. The contract works will be delivered over the next two financial years FY25 and FY26, and positions the Group well for future follow-on opportunities in this growing sector.
Hugh Whitcomb, Co-Founder and CEO of Amcomri, commented:
"We are delighted to have secured this significant milestone contract within the renewable energy sector that further reinforces the Group's Embedded Engineering capability and technical service offering, whilst further improving our earnings prospects for FY25/FY26."
Enquiries:
Amcomri Group plc | Via Walbrook |
Hugh Whitcomb, Chief Executive Officer Mark O'Neill, Investment Director | Tel: +44 (0)20 7933 8780 |
Siobhán Tyrrell, Chief Financial Officer
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Cavendish Capital Markets Limited | Tel: +44 (0)20 7220 0500 |
Adrian Hadden/Katy Birkin/Isaac Hooper - Corporate Finance |
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Michael Johnson/Jasper Berry - Sales Andrew Burdis/Jamie Anderson - ECM |
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Walbrook PR Ltd | Tel: +44 (0)20 7933 8780 |
Tom Cooper / Nick Rome | |
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To find out more, please visit: www.amcomrigroup.com
Certain of the information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.
Notes to Editors:
Amcomri is a "Buy, Improve, Build" group focusing on acquiring, integrating and enhancing specialist engineering services and industrial manufacturing businesses that provide technical services to major UK infrastructure, transportation and energy companies and bespoke mission-critical services to a diverse range of sectors and markets.
The Group currently operates through the following two divisions:
(i) Embedded Engineering Division: provides specialist technical and engineering services for major industrial, infrastructure and transportation clients, typically with complex technical needs and undertaken in operating environments where safety and compliance performance are critical requirements. The division predominantly provides engineering services and support for their clients' capital intensive, mission-critical assets such as high voltage electrical transmission systems, petrochemical and continuous process operations, and large power generation plants.
(ii) B2B Manufacturing Division: focuses on selective niche B2B markets or businesses, where the Group has identified an opportunity to achieve enhanced financial performance by leveraging an initially strong competitive market position combined with the Group's business improvement capabilities.
The Group operates across a diverse range of sectors and markets, including industrial, infrastructure and mass transportation. The Group deploys a structured "Buy, Improve, Build" strategy with a track record of value enhancing acquisitions in the industrial environment. It has a particular focus on leveraging the Group's experience and track record in relation to acquisitions arising from owner manager 'retirement' situations, where there are no, or limited, alternative plans for succession to sustain the enterprise value present within the target business.
The Group has been created through a series of 17 successful acquisitions, comprising the acquisition of 13 operating companies and 4 bolt-on asset/business purchases, each of which has been integrated into the Group. The Group's businesses have grown organically and are well placed to take advantage of the positive opportunities that exist in their respective end markets.
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