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Havelock Europa PLC (HVE)

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Tuesday 25 October, 2011

Havelock Europa PLC

?20m framework agreement with Balfour Beatty

RNS Number : 7508Q
Havelock Europa PLC
25 October 2011


("Havelock" or the "Company")

Havelock Europa agrees £20m education framework agreement with Balfour Beatty Construction Scottish & Southern Limited

Havelock Europa (HVE.L), the retail and educational interiors and point of sale printing group, is pleased to announce the signing of an education framework agreement with Balfour Beatty Construction. This agreement extends Havelock's strategy of investing in the educational supply market.


The framework agreement, which is likely to be worth in excess of £20 million in sales over a three year period, will involve the supply of products and services within the education sector. Currently 30 schools in Southern England will be covered under the agreement, with the opportunity to add more schemes during the life of the agreement.


Havelock will lead initial customer engagement, through design and ultimately manufacture or procurement of all school furniture, fittings and associated equipment.


Commenting on the agreement, Eric Prescott, CEO said:


"This framework agreement strengthens our leadership in the educational supply market and provides us with good visibility going forward.  Having worked with Balfour Beatty for many years, we are delighted that our relationship has been recognised through a framework agreement and now both parties can now focus on maximising the value and quality of service we deliver for our mutual customers."




Havelock Europa PLC

01383 820044

Eric Prescott, Chief Executive
Grant Findlay, Finance Director


Investec Investment Banking (Nomad)

James Grace
Keith Anderson
Duncan Williamson


020 7597 4000



Cardew Group

020 7930 0777

Rob Ballantyne
Shan Shan Willenbrock
Sophie Leigh Pemberton


This information is provided by RNS
The company news service from the London Stock Exchange