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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 |
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 CNTGLMGZFMDLRMM
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