DRV Driver Group Plc

TIDMDRV

RNS Number : 0787E

Driver Group plc

25 May 2012

25 May 2012

Driver Group plc

("Driver Group" or the "Company")

Contract Win

Driver Group, the global construction consultancy, is pleased to announce that following the acquisition of Trett Consulting it has commenced work on a significant assignment.

Trett's Houston business has entered into a Consulting Services Agreement with one of the World's largest independent oil and gas exploration and production companies. Due to confidentiality restrictions details of the company and scope of work cannot be provided. However, the initial Agreement runs for 12 months and the overall involvement is expected to be in excess of 4 years. The first assignment under the Agreement is capped at a fee of approximately US$2m, with further assignments anticipated.

Dave Webster, CEO of Driver Group said: "This is great news for our new Houston business that provides an excellent opportunity to work with a world leader in the resource sector and reflects upon the high calibre of staff and experience in the Houston office. This project provides an ideal opportunity to accelerate the integration of Driver Trett resources."

Enquiries:

 
 Driver Group plc 
 David Webster, Chief Executive    Tel: +44 (0) 1706 223999 
 Damien McDonald, Group 
  Finance Director 
 Alan McClue, Non-executive        Tel: +44 (0) 7791 546798 
  Chairman 
 
 Charles Stanley Securities 
  Nominated Adviser & Broker 
 Marc Milmo / Carl Holmes         Tel: +44 (0) 207 149 6000 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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