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KLR Keller Group Plc

1,060.00
-18.00 (-1.67%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Keller Group Plc LSE:KLR London Ordinary Share GB0004866223 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -18.00 -1.67% 1,060.00 1,060.00 1,064.00 1,090.00 1,060.00 1,090.00 17,267 16:29:53
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 2.97B 89.4M 1.2284 8.63 771.43M

Keller Group PLC Bauer Keller JV awarded EKFB contract (3664V)

14/04/2021 7:00am

UK Regulatory


Keller (LSE:KLR)
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RNS Number : 3664V

Keller Group PLC

14 April 2021

   Date:   14 April 2021 

Bauer Keller Joint Venture (BKJV) awarded EKFB contract

BKJV, the 50:50 joint venture between Bauer Technologies Ltd and Keller UK (BKJV), has been awarded a contract by EKFB to deliver geotechnical work as part of the C23 package on High Speed 2 (HS2) in the UK.

The contract award is worth GBP95 million and at peak production, the works will require over 200 highly skilled experts in ground engineering and foundations, working in a number of varied site locations.

EKFB is a joint venture of four international infrastructure companies; Eiffage, Kier, Ferrovial Construction and BAM Nuttall, which is building the C23 section of the new high-speed line between London and the West Midlands. The C23 section consists of 80km of high-speed rail infrastructure, including 15 viaducts, over 80 bridges, 7km of green tunnels and 30 million cubic metres of excavation.

BKJV's scope of work is to construct piled foundations for the structures, as well as the construction of secant piled and slurry walls and the installation of pressure relief drains.

BKJV has already completed initial preliminary pile testing works and teams are focused on a mobilisation to site to commence main works in April this year. The contract is expected to be completed in 2024.

Michael Jones - Managing Director, Bauer Technologies commented: "After two and a half years of working collaboratively with EKFB in the planning phase of this project, we are excited to make a start in April on the main works of this section, for what is Europe's largest infrastructure project. Bauer and Keller have great synergy and a similar culture which makes us perfect partners for each other."

Jim De Waele, Keller President Europe, adds: "BKJV is a return to our successful partnership with Bauer having previously worked together on the London Underground and Crossrail station projects. We're excited to bring our complementary geotechnical capabilities, experience and capacity to one of the most demanding and exciting transport projects in Europe."

-Ends-

Notes for Editors:

BAUER Technologies Ltd is part of Bauer Spezialtiefbau GmbH, a global construction company specialising in complex and specialist foundation works, with its head office based in the town of Schrobenhausen, Germany.

Bauer Technologies Ltd is the 100% owned UK subsidiary of Bauer Spezialtiefbau GmbH, the contracting company within the BAUER Group. Bauer is known the world over as a leader in advanced deep foundation techniques. Whether it is the manufacture of specialised equipment, giving specific advice or performing the site works, Bauer is highly regarded world-wide by both consultants and contractors as the perfect partner in deep foundation projects.

For further information contact:

Debbie Darling, Business Development & Marketing Manager - 07894 809677 / 07549 119736

*******

Keller Group plc is the world's largest geotechnical specialist contractor providing a wide portfolio of advanced foundation and ground improvement techniques used across the entire construction sector. With around 9,000 staff and operations across five continents, Keller tackles an unrivalled 6,000 projects every year, generating annual revenue of more than GBP2bn.

www.Keller.com

For more information contact:

Investors:

Caroline Crampton, Group Head of Investor Relations - 020 7616 7575

Media:

FTI Consulting

Nick Hasell, Matthew O'Keeffe - 020 37271340

   LEI number:             549300QO4MBL43UHSN10 
   Classification:           2.2 Inside information 

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April 14, 2021 02:00 ET (06:00 GMT)

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