Posts Tagged ‘Commercial services’

ASX Company News: Greencap Sells Leeder Laboratory Testing Business

Wednesday, December 7th, 2011

Greencap Limited (GCG) directors are pleased to announce completion of the sale of its wholly owned subsidiary, Leeder Consulting Pty Ltd. The Leeder Laboratory testing business has been sold today to SGS Australia Pty Ltd for $12.3 million subject to a net asset completion adjustment, which is not expected to be material. Consistent with previous announcements, this sale will enable a restructure of the company’s balance sheet by significantly reducing debt and reposition the company for the future.

Greencap Limited (GCG) provides risk management services in every state of Australia and South East Asia. These services include Occupational Health and Safety, Property Risk Services, Business Continuity Management, Sustainability, Environmental Services, Hazardous Materials Risk Management, Contaminated Site Management, Fire Safety Engineering and incorporates training and web based solutions. With over 350 professional, technical and engineering staff based in 8 offices, the group services over 5,000 business and government entities in the education, property, resources, industrial, manufacturing, retail and services sectors. The diversity of clients and services allows Greencap to live up to its claim of “protecting people, property and environment”.

www.greencap.com.au

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ASX Company News: Pro-Pac Packaging Acquires Heron Professional Products

Sunday, November 13th, 2011

ASX listed national packaging group, Pro-Pac Packaging Ltd (PPG) announced the purchase of the business and assets of Heron Professional Products.  Heron is a Perth based distributor of general industrial packaging products, personal protection equipment (PPE) and safety products with an emphasis on servicing the food sector. The business has experienced rapid recent growth and has current annualised turnover exceeding $3m.  The purchase consideration will be funded from Pro-Pac’s existing cash resources and will include an issue to the vendors of 66,667 shares at 45 cents per share.

Commenting on the acquisition, Pro-Pac’s CEO, Brandon Penn, said “the purchase of the Heron business gives Pro-Pac an entrée into the food and related sectors in Western Australia and enhances the Group’s Western Australian operations. Linda Heron brings extensive food industry experience and when combined with Pro-Pac’s extensive product range, creates strong growth opportunities for Pro-Pac in Western Australia.”

Pro-Pac Packaging Limited is a diversified manufacturing and distribution company, providing innovative, flexible and rigid packaging solutions for a broad group of customers. PPG is headquartered in Sydney with operations in Adelaide, Brisbane, Melbourne and Perth.

www.ppgaust.com.au

http://www.traderdealer.com.au/fundamentals/ppg

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ASX Company News: Transfield Services Secures $100 million Santos Contract

Monday, August 29th, 2011

Transfield Services (TSE) announced that it has been selected by Santos Limited (STO) as preferred contractor for an estimated A$100 million per annum contract to provide construction and maintenance services at its operations in the Cooper and Eromanga Basins in central Australia. The contract is for five years, which may be extended by Santos for three one-year extensions.  The contracted scope of work covers Santos’ requirements for project delivery, brownfields construction, flow line construction, shutdown, maintenance and industrial services, primarily in the Cooper and Eromanga Basins and associated infrastructure. It is a significant expansion on Transfield Services’ existing agreement with Santos.

“We are delighted and proud that Santos has selected Transfield Services. We look forward to utilising our specialist oil and gas expertise to help Santos achieve its business objectives for the Cooper and Eromanga Basins” said Transfield Services Managing Director and CEO, Peter Goode.  Santos’ Vice President of Eastern Australia, James Baulderstone, noted that “Our relationship with Transfield is another key component of Santos’ growth objectives for the Cooper Basin, and harnessing the significant long-term potential that it offers.”

Transfield Services’ subsidiary, Easternwell, recently signed contracts to an estimated value of $102M to continue servicing wells at Santos’ Cooper Basin and Eastern Queensland production sites. Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors.

www.transfieldservices.com

http://www.traderdealer.com.au/fundamentals/tse

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ASX Company News: Wellcom Group To Restructure iPrint Joint Venture

Friday, May 27th, 2011

Wellcom Group Limited (WLL)  announced that Wellcom and Australia Post have entered into discussions to re-organise its joint venture, iPrint Corporate Pty. Ltd. New business wins consist of  Masters Hardware (Woolworths) where a new production hub has been established, AMP (NZ), Citibank, BT Financial Group and Sigma Pharmaceuticals (Knowledgewell).

Mr Sidwell said “although the joint venture will not continue in its current form, we have enjoyed,  and continue to enjoy a great relationship with Australia Post”. Mr Sidwell said that while he expects the re-organisation will have an impact on the financial result for FY12, Wellcom continues to have a strong pipeline of significant new business wins.

www.wellcomgroup.net

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ASX Company News: UGL Limited Secures $3.2 billion In New Contracts

Friday, May 6th, 2011

At the 12th Annual Macquarie Securities Australia Conference in Sydney, UGL Limited (UGL) Managing Director and CEO, Richard Leupen, confirmed the company had been awarded $3.2 billion in new contracts for the nine month period ended 31 March 2011. These new contract wins and extensions were awarded across a variety of UGL’s global geographies, sectors and services to both existing and new customers.

“In our resources business, UGL has been awarded a number of significant contracts in a variety of geographic areas including Western Australia, Victoria and Queensland. They cover both project delivery and asset services with blue chip customers across the iron ore, coal, oil and gas and mining and minerals sectors. These wins continue to build a solid and expanding base of recurring asset services revenues for UGL at a time when the pipeline of resources sector development projects is at record levels,” said Mr Leupen. “The rail business continues to trade well and UGL has been awarded over $800 million in new passenger and freight projects with blue chip customers since June 2010.

UGL Limited (UGL) is an engineering, maintenance and facilities management company operating in the water, power, transport, communications, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services. Headquartered in Sydney, Australia, UGL Limited operates in Australia, New Zealand, Asia, North America and the Middle East employing approximately 44,000 people.

www.ugllimited.com

http://www.traderdealer.com.au/fundamentals/ugl

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ASX Company News: UGL Secures $160 million In New Contracts

Wednesday, May 4th, 2011

UGL Limited (UGL) announced that its services division has secured a number of significant integrated facilities management and property services orders with blue chip customers in the life sciences, transport and higher education sectors. These services have a combined end value of approximately A$160 million. The various service orders include a new facilities management agreement with Toyota Motor Sales, U.S.A., Inc. across their national real estate holdings over five years. The scope of the services includes facilities operations and maintenance, and capital renovations in more than 100 buildings and 44 locations, totaling over 8 million square feet. Its also includes a new facilities management contract with one of the world’s leading research and teaching institutions, Stanford University, in the U.S.A across their 8,180 acre campus. The scope of the services includes janitorial, day porter and related work management services encompassing 4.5 million square feet and 225 buildings over three years; and a new facilities management services order with one of the world’s largest research- based pharmaceutical firms at their manufacturing and R&D operation located in New York. The scope of services includes mechanical, electrical, instrumentation, janitorial and grounds maintenance services over a three year period. UGL also provides facilities services at two of their plants in Puerto Rico as well.

UGL’s Managing Director and CEO, Richard Leupen, said: “We continue to see improving trading conditions across our services business globally supported by higher activity levels in corporate real estate and facilities management markets. These results in the US market are particularly pleasing as is the strong growth in California. “These significant facilities management orders highlight UGL’s ability to deliver innovative, sustainable and flexible solutions to customers. They also highlight our strengthening position in key growth sectors including life sciences, transport and higher education.”

UGL Limited (UGL) is an engineering, maintenance and facilities management company operating in the water, power, transport, communications, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services. Headquartered in Sydney, Australia, UGL Limited operates in Australia, New Zealand, Asia, North America and the Middle East employing approximately 44,000 people.

www.ugllimited.com

http://www.traderdealer.com.au/fundamentals/ugl

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ASX Company News: Computershare Acquires Servizio Titoli SpA

Wednesday, April 6th, 2011

Computershare (CPU) has agreed to purchase Servizio Titoli SpA from the London Stock Exchange Group PLC. The acquisition is expected to complete in mid May following satisfaction of various formal conditions. The transaction values the Servizio Titoli business at 30 million Euros plus an amount of up to 2.4 million Euros for the net cash balance as at completion.

Servizio Titoli is Italy’s leading provider of issuer services, including meetings and dividends register management, working on behalf of more than 50% of Italy’s listed companies. Computershare already has a presence in Italy through its Georgeson proxy solitication business. As in other regions, the 2 businesses will work alongside each other, benefiting from mutual client relationships and the Computershare global network.

Computershare (CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. It also specialization in corporate trust services, tax voucher services, bankruptcy administration and a range of other diversified financial and governance services. Servizio Titoli offers a complete range of products and services for listed companies and IPOs.

www.computershare.com

http://www.traderdealer.com.au/fundamentals/cpu

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ASX Company News: UGL Limited Secures New Contract In Saudi Arabia

Thursday, March 31st, 2011

UGL Limited (UGL) announced it has signed an integrated facilities management and property services joint venture (JV) agreement in the Kingdom of Saudi Arabia (KSA) with a leading diversified engineering company, National TriGeneration CHP Company. The initial scope of the NTCC-UGL JV will focus on providing integrated facilities management services and property services to government and private sector clients across the Kingdom of Saudi Arabia. There is provision for the JV to extend this scope to provide engineering related services.

UGL’s Managing Director and CEO, Richard Leupen, said: “The joint venture with NTCC will provide UGL with a platform for growth in the Kingdom of Saudi Arabia and will significantly strengthen and extend UGL’s presence in the Middle East where it has been providing integrated facilities management and property services in the State of Qatar since 2007. The Chairman of NTCC, HRH Prince Saud Bin Fahd Bin AbdulAziz Al-Saud, said: “We are delighted to be partnering with UGL in this joint venture. They are a proven and successful property services company with a strong international presence and possess an excellent track record in the Middle East. The combined skills of NTCC and UGL will ensure we deliver the best outcome for our clients.”

The Kingdom of Saudi Arabia is the largest market in the Middle East by GDP with significant property and infrastructure related expenditure forecast in the coming years. The JV will commence operations in June 2011.

UGL Limited (UGL) is an engineering, maintenance and facilities management company operating in the water, power, transport, communications, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services. Headquartered in Sydney, Australi a, UGL Limited operates in Australia, New Zealand, Asia, North America and the Middle East employing approximately 44,000 people. National TriGeneration CHP Company (“NTCC”) is a closed joint stock company and total energy service provider specializing in cooling, heating and power systems. Headquartered in Riyadh, Kingdom of Saudi Arabia, NTCC is authorized by the Electricity and Cogeneration Regulatory Authority.

www.ugllimited.com

http://www.traderdealer.com.au/fundamentals/ugl

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ASX Company News: Transfield Extends NSW School Contract

Monday, February 14th, 2011

Transfield Services (TSE) has secured a A$540 million contract with long-term client NSW Department of Services, Technology and Administration. Transfield Services will provide facilities management and cleaning services to public schools, TAFE colleges and government buildings to an expanded geographical footprint that now includes the Hunter/Central Coast, North and Western Sydney regions.  The contract is for five years, with the option to extend for a further two years and will take effect on 1st July 2011.

Transfield Services’ Managing Director and CEO, Peter Goode, said today: “This significant expansion of scope with a key government client reflects our ongoing focus on safe and efficient service delivery. It also reinforces our leading position in the provision of property and facilities management services and our ability to build on strong long-term relationships with key clients.”

Transfield Services has provided facilities management services to the Department for a decade,  managing the maintenance of primary and secondary schools, technical institutions and special needs facilities. Transfield Services has a robust pipeline of work in social infrastructure, oil and gas, power, defence and transport providing continuing diversification for the business. Over 85 percent of the Company’s services are delivered under long-term contracts and relationships with key clients.

Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.

www.transfieldservices.com

http://www.traderdealer.com.au/Fundamentals/tse

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ASX Company News: Spotless Secures Its Place At The London 2012 Olympics

Monday, January 24th, 2011

Global services company Spotless Group Limited (SPT) has been awarded a contract to supply cleaning, housekeeping, linen and laundry services to the London 2012 Olympic Games. Prepatory work for the project commences in February 2011 and will require the resources of approximately 1,800 employees. Spotless will provide services at a number of Olympic venues and locations − Olympic Park precinct; Athletes’ Village (main and sailing); Wembley; North Greenwich Arena; Horse Guards Parade; Eton Dorney; and Greenwich Park.

Josef Farnik, Spotless Group Managing Director and CEO said “Spotless looks forward to supporting the London 2012 Olympic Games”.

Spotless is a leading international services company comprised of two distinct operations, Facility Services and Retailer Services. Established in 1946, Spotless is listed on the Australian and New Zealand Stock Exchanges. Spotless employs almost 40,000 people and skilled sub-contractors to deliver over 125 specialist services in thousands of locations across 32 countries. The Group’s Facility Services operations supply catering, cleaning, painting and laundry services across a broad range of industry sectors. Facilities management and asset maintenance services are delivered by employees and sub-contractors drawn from over 70 trades. Retailer Services, operating under the brand Braiform, provides customised garment hanger and packaging solutions to retailers and garment manufacturers in 32 countries.

www.spotless.com

http://www.traderdealer.com.au/Fundamentals/spt

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