Matchtech Group PLC New Business Update

TIDMMTEC

Matchtech Group PLC

09 April 2015

9 April 2015

Matchtech Group plc

New Business Update

Matchtech Group plc, (AIM: MTEC) (the "Group"), one of the UK's leading specialist engineering and professional services recruitment companies, announced today that it has signed significant additional contracts, with both new and existing clients, to assist in the search for permanent and contract staff.

The contracts are as follows:

-- A three-year extension to an existing contract with BAE Systems, a global defence, aerospace and security company. The contract, which runs until the end of 2018 with the option of an additional one-year extension, is to provide contingent labour with Engineering and Technology backgrounds to the Company;

-- A new 3 year contract with Zodiac Aerospace, a world leader in aerospace equipment and systems, to recruit aerospace engineering candidates, on both a contract and permanent basis.

-- A new 3 year contract with HCL Technologies, a leading global IT services company. The Group will act as one of four companies engaged as part of a contract framework to provide candidates across all IT skill sets on both a UK and European basis.

These agreements follow the announcement on 23 March 2015 that the Group has also signed contracts with Southern Water, WSP Group, Mouchel Infrastructure Services and UK Power Networks.

Keith Lewis, Chief Operating Officer of Matchtech Group plc, said: "These contracts reflect the continued belief of our clients - market leaders in their respective industries - in Matchtech Group's ability to provide them with the highest quality talent. The focused nature of our specialist teams enables us to provide highly-skilled candidates that can fulfil specific business needs across an organisation, in engineering, technology or professional staffing."

For further information please contact:

 
 Matchtech Group plc 
  Keith Lewis, Chief Operating Officer    [phone] 
 Numis Securities Limited 
  Michael Meade 
  James Serjeant                          [phone] 
 Newgate 
  Andrew Jones 
  Ed Treadwell                            [phone] 
 

About Matchtech

Matchtech Group plc (LSE-AIM: MTEC), is the UK's leading specialist engineering and professional services recruitment agency, providing contract, temporary and permanent staff. Established in 1984 and AIM-listed in 2006, the Group is one of the fastest growing staffing organisations listed in the UK, with a well-balanced business model; approximately 70% contract and 30% permanent.

The Engineering division spans five specialist sectors - Infrastructure; Automotive, Maritime; Aerospace; Energy - as well as General Engineering. The Professional Services division covers technology markets through our Connectus and Provanis brands and Professional Staffing though our Alderwood and Barclay Meade brands.

In April 2015, Matchtech Group plc announced the completion of the acquisition of Networkers International, a global recruitment company specialising in the delivery of recruitment services focusing on Telecoms and Technology. The combined group is well-placed to take advantage of the convergence between Engineering, Technology and Telecoms skill sets and creates a specialist recruiter, of scale, in the UK and internationally, with:

   --      18 offices in 12 countries, recruiting in over 100 countries across the world 
   --      Over 580 sales staff 
   --      9,000 contractors and 4,000 permanent placements 

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAUGUUWCUPAGQR