Microlise Group PLC Contract Wins: GSF and Foodstuffs South Island

RNS Number : 9462O

Microlise Group PLC

20 May 2024

 

20 May 2024

 

Microlise Group plc

("Microlise", the "Company" or the "Group")

 

Contract Wins

Contracts Expand Presence in New Markets and Geographies

 

Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, announces the signing of contracts with GSF Car Parts ('GSF') and Foodstuffs South Island ('FSSI') with a combined contract value of over £2 million.

 

GSF

 

Microlise has signed a six-year contract with car parts delivery and fitting company GSF following a competitive tender process. Microlise will provide GSF's fleet of vans with its ePOD (Proof of Delivery) and Journey Management software solutions. Microlise's solutions will enable GSF to remove paper-based processes from its operations and grow its enterprise accounts.

 

The contract increases Microlise's presence in the lighter goods vehicle segment of the market in line with the Company's strategy to expand in adjacent markets. Microlise customers are traditionally operators who manage a large fleet of HGVs, each of which conducting one pre-planned journey each day. GFS's profile differs from this, with a highly dynamic, high-volume operation, with lots of delivery requests coming in each day. This win demonstrates how the Microlise product is flexible enough to penetrate these newer adjacent markets, supporting new growth with existing products.

 

 

Foodstuffs South Island

 

Microlise has signed a five-year contract with New Zealand based FSSI. FSSI is the largest grocery retailer in the South Island of New Zealand with over 200 stores across multiple brands as well as providing online grocery services. The contract significantly increases Microlise's share of the grocery freight market in New Zealand.

 

Microlise will provide its Journey Management and SmartPOD (Proof of Delivery) solutions to FSSI's owned vehicles and sub-contracted fleet as part of a major project by FSSI to refresh its core systems.

 

Microlise was selected owing to its partnership approach, attention to detail and its existing relationships with Foodstuffs North Island, with which FSSI recently merged, and Gilmours, which recently merged with FSSI's wholesale division.

 

Nadeem Raza, CEO of Microlise, commented: "We are delighted to announce these contracts, both of which are of strategic importance to the Group. GSF expands our reach into the smaller vehicles segment where our solutions have proven to be highly capable. Our software only solution greatly expands our potential market, and we are confident will improve our margins over time.

 

"Signing FSSI means we are now servicing some two thirds of the New Zealand grocery freight industry. This is an incredible achievement such a short time after entering the New Zealand market and demonstrates the strength of our offering and our potential to become market leaders in all the regions we operate in."

 

 

For further information, please contact:

 

Microlise Group plc Nadeem Raza, CEO Nick Wightman, CFO	C/O SEC Newgate
Singer Capital Markets (Nominated Adviser & Broker) Steve Pearce / James Moat / Harry Gooden	Tel: [phone]
SEC Newgate (Financial PR) Bob Huxford / Molly Gretton / Harry Handyside	Tel: [phone] Email: [e-mail]

 

 

About Microlise

 

Established in 1982, Microlise Group Plc is a leading SaaS provider of Transport and fleet management solutions. Its technology is designed to help businesses improve efficiency, reduce emissions, lower costs, and increase safety on the road.

With a range of products and services used by more than 400 enterprise clients globally, Microlise helps companies of all shapes and sizes - across a wide range of industries - to better manage their entire operation.

Backed by a team of experienced professionals who provide excellent customer service, the Group has won a number of awards, including three Queens Awards for Innovation (2019, 2020).

Headquartered in the United Kingdom, the company also has offices in France, Australia, and India with a global staff base of more than 750 industry professionals. 

Handling over 640,000 subscriptions annually, Microlise joined the Alternative Investment Market (AIM) in 2021, qualifying for the London Stock Exchange's Green Economy Mark.

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