Costain Group PLC Costain expands to new technology centre

TIDMCOST

Costain Group PLC

14 June 2018

Costain Group PLC

("Costain" or "the Group" or "the Company")

Costain to move to new technology centre in North Somerset

14 June 2018

Costain, the smart infrastructure solutions company, is expanding its technology centre with a move to new accommodation on the Weston Gateway Business Park near Worle, North Somerset.

By the end of the year, some 150 colleagues will have relocated from Yatton to the new business park just off junction 21 of the M5.

The Group acquired the current Yatton technology facility in 2016 and its operations have gone from strength to strength since then. From an initial focus on highways, providing technology solutions such as motorway signage, signalling and CCTV systems, Costain has broadened its activities and is now providing cutting edge technology solutions to clients across all its operations in water, transportation and energy.

This news comes on the back of a number of additional technology contract wins announced by the Group over the past month. They include the M6 J21a-26 smart motorway contract and Motorway Incident Detection and Automated Signalling (MIDAS) technology systems contract for Highways England.

Commenting on the move, Andrew Wyllie CBE, chief executive said:

"The further expansion of our technology capability through this enlarged Group-wide facility, is another important step towards establishing Costain as the UK's leading smart infrastructure company."

ENDS

Enquiries:

 
 Costain                                       Tel: [phone] 
 Andrew Wyllie CBE, Chief Executive 
 Tony Bickerstaff, Chief Financial Officer 
 Catherine Warbrick, Investor Relations 
  Director 
 Sara Lipscombe, Group Communications 
  Director 
 
 Instinctif                                    Tel: [phone] 
 Mark Garraway 
 James Gray 
 

Notes to Editors

Costain helps to improve people's lives by deploying technology-based engineering solutions to meet urgent national needs across the UK's energy, water and transportation infrastructures. We have been shaping the world in which we live for the past 150 years.

The Group's 'Engineering Tomorrow' strategy involves focusing on blue chip clients in chosen sectors whose major spending plans are underpinned by strategic national needs, regulatory commitments or essential maintenance requirements.

Costain's 4,100 people, who are committed to high performance and safe delivery, are working on a number of high profile contracts in the UK incorporating a broad range of innovative services across the whole life-cycle of our clients' assets and does so through the delivery of consultancy, technology, asset optimisation and complex delivery services.

For more information visit www.costain.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

NRADMGMVKFFGRZM

(END) Dow Jones Newswires

June 14, 2018 02:00 ET (06:00 GMT)