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BRAM Brammer

164.50
0.00 (0.00%)
18 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Brammer LSE:BRAM London Ordinary Share GB0001195089 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 164.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Brammer PLC - Contract Awarded

01/12/1998 1:17pm

UK Regulatory


RNS No 4144w
BRAMMER PLC
1st December 1998

                        BRAMMER WINS GROUND-BREAKING
                  ELECTRONIC EQUIPMENT MANAGEMENT CONTRACT
                                      
                                      
Livingston, part of European industrial services group Brammer plc,  has  won
an  outsourcing  contract from Dutch PTT operator,  KPN  Telecom.   Over  the
period of the contract turnover of approximately #16 million is anticipated.

Livingston  believes  that  its  five-year  electronic  equipment  management
agreement,  under which the company will manage KPN Telecom  s  inventory  of
15,000  items of test and measurement equipment, is the first of its kind  in
Europe  and paves the way for similar such deals.  The agreement extends  the
management services Livingston already provides to the computer industry.

Livingston will provide KPN Telecom with a range of services, including

.    selection and sourcing of equipment
.    managing KPN Telecom s equipment rental needs
.    management of calibration and maintenance equipment
.    tracking and measurement of utilisation of equipment
.    disposal of surplus and obsolete inventory
 
Under the terms of the deal, Livingston will

.    benefit from a share of any additional savings it can generate
.    acquire KPN Telecom s internal calibration business
 
A  40% interest in KPN Telecom s calibration business will be acquired  on  1
January  1999 with agreement to increase to 100% ownership over a  three-year
period.  The maximum consideration is #1.4 million, payable in instalments up
to  December  2001 in cash from Brammer s existing resources.   The  business
employs 35 people.

In  the  six months to the end of June 1998, Livingston contributed sales  of
#24  million to Brammer of which 60% were earned in France, Germany  and  The
Netherlands.   Brammer reiterated its strategy to grow and develop  its  core
businesses  both  geographically and by extending the range of  products  and
services offered.

David Hollywood, Chief Executive of Livingston, said

"In essence we are now making our core skills available to companies holding
major  inventories  of  test  and measuring equipment  with  the  purpose  of
increasing quality and customer service to the user whilst reducing costs for
the business.

"The KPN Telecom contract is a significant break-through for Livingston.  It
endorses our electronic equipment management concept and adds momentum as  we
build  a  new business stream of considerable potential.  We are increasingly
confident  of  securing more such innovative deals with leading companies  in
communications, defence and electronics."


Citigate Dewe Rogerson (0171) 638 9571
Martin Jackson/Duncan Murray


Enquiries
Brammer (0161) 928 3363
Ian Fraser, Chief Executive
David Hollywood, Chief Executive - Livingston
John Cumming, Finance Director




END

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