REG - Van Elle Holdings - Contract Awards to Van Elle Canada

Van Elle HoldingsAnnouncement

25/10/2024 07:00

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RNS Number : 5648J  Van Elle Holdings PLC  25 October 2024

 

Van Elle Holdings plc

('Van Elle', the 'Company' or the 'Group')

 

Contract Awards to Van Elle Canada

 

Van Elle Holdings plc (AIM: VANL), the UK's largest ground engineering
contractor, announces that its Canadian rail subsidiary has been awarded two
strategically important contracts by ONxpress, the delivery consortium
responsible for the design and delivery of the CAD$20bn GO Expansion
infrastructure upgrade programme for the Toronto rail network, on behalf of
the infrastructure owner and operator, Metrolinx.

 

The Group has been appointed as a strategic supply partner for overhead
electrification and other lineside foundations, ahead of the delivery phase of
the GO Expansion programme.  The scope of this contract includes development
of design, construction methodologies and planning, enabling activities
including training, plant strategies and logistics, and early engineering
works such as ground investigation, test piling and other advanced works,
focussed on the Group's on-track delivery expertise.  Contracts under this
framework are to be awarded in the second half of 2025 for delivery through to
2028 and are expected to be worth over CAD$50m.

 

In conjunction with the role of strategic supply partner, Van Elle has also
been awarded the contract to undertake track bed investigation works in
support of the GO Expansion programme, with works to run through 2025 and
expected to be worth over CAD$5m to the Group.

 

Chief Executive Mark Cutler commented: "We have established a very capable
team in Ontario, focused on our specialist geotechnical and on-track rail
delivery solutions and have completed several schemes in the last six
months.  These contract awards align us closely with our strategic customers
ONxpress and Metrolinx and underpin our confidence in developing a specialist
rail business of scale in Canada over the next three years."

 

For further information, please contact:

 Van Elle Holdings plc                                   Via Walbrook

 Mark Cutler, Chief Executive Officer

 Graeme Campbell, Chief Financial Officer

 Peel Hunt LLP (Nominated Adviser and corporate broker)  Tel: 020 7418 8900

 Ed Allsopp

 Charlotte Sutcliffe

 Tom Graham

 Walbrook PR Limited                                     Tel: 020 7933 8780

                                                         or vanelle@walbrookpr.com
 Tom Cooper / Nick Rome                                  07971 221 972 or

                                                         07748 325 236

 

About Van Elle Holdings plc:

Van Elle Holdings is the UK's largest specialist geotechnical engineering
contractor. Formed in 1984 and listed on AIM in 2016, the Company provides a
wide range of ground engineering techniques and services including ground
investigation, general and specialist piling, rail geotechnical engineering,
modular foundations, and ground improvement and stabilisation services.

Van Elle operates through three divisions: General Piling, Specialist Piling
and Rail, and Ground Engineering Services; and is focused on diverse end
markets including residential and housing, infrastructure and regional
construction - across which the Group has completed more than 20,000 projects
over the last 35 years.

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