Cape plc Cape announces joint venture (3400E)
February 09 2015 - 2:00AM
UK Regulatory
TIDMCIU
RNS Number : 3400E
Cape plc
09 February 2015
News Release
9 February 2015
Cape establishes joint venture with Prezioso Linjebygg
Cape plc and Prezioso Linjebygg SAS, the international providers
of essential support services to the energy and natural resources
sectors, are pleased to announce that they have concluded an
agreement to create a Joint Venture company to bring together the
capacity, experience and skills of both organisations in order to
support the upcoming new-build nuclear programme in the UK. The
agreement is subject to necessary regulatory approvals.
This new company will offer the programme a complete service
capability in terms of industry know-how in Europe, both
organisations having a significant heritage in this sector in the
UK and France.
Joe Oatley, Chief Executive of Cape commented: "We are pleased
to enter into this joint venture with Prezioso Linjebygg to
establish a company dedicated to the UK's nuclear new-build sector,
capitalising on the substantial structure and experience of both
organisations for the benefit of our potential customers and our
shareholders."
About Cape:
Cape (www.capeplc.com), which is premium listed on the main
market of the London Stock Exchange, is an international leader in
the provision of critical industrial services principally to the
energy and natural resources sectors. Our multi-disciplinary
service offering includes access systems, insulation, specialist
coatings, passive fire protection, refractory linings,
environmental services, oil and gas storage tanks and heat
exchanger replacement and refurbishment. Cape employs over 18,000
people working across 21 countries and in 2013 reported adjusted
revenue of GBP697.1 million.
About Prezioso Linjebygg SAS:
Prezioso Linjebygg SAS (www.prezioso-linjebygg.com) assists its
customers in extending the life and optimising the cost of their
most critical assets by designing and implementing services for
protective and insulation coatings (with related access means) and
engineering and deploying solutions for asset inspection, repair,
maintenance and modification. With 60 years of experience, Prezioso
Linjebygg has built up a portfolio of blue-chip customers,
especially in the Nuclear and Oil and Gas sectors. The group has
more than 5,600 employees working in 17 countries and reported a
revenue of 480 million Euros in 2014.
- End -
Enquiries
Cape plc
Joe Oatley, Chief Executive +44 (0) 1895 459 979
Michael Speakman, Chief Financial Officer +44 (0) 1895 459 979
Rachel Amey, Director of Investor Relations +44 (0) 1895 459 965
Buchanan +44 (0) 207 466 5000
Bobby Morse, Ben Romney, Jason Day
This information is provided by RNS
The company news service from the London Stock Exchange
END
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