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Matchtech Group PLC

15 September 2014

RNS Reach

15 September 2014

Matchtech Group plc

("Matchtech" or, "the Group")

Contract Renewal and Extension

Longstanding managed services relationship with Ricardo strengthened

Matchtech Group plc (LSE-AIM: MTEC), the UK's leading specialist engineering and professional services recruitment agency, is pleased to announce that it has renewed its Master Vendor agreement to provide contract staff to Ricardo plc (AIM: RCDO) for a further three years and is delighted to have also been awarded the Neutral Vendor contract to provide permanent staff to Ricardo, following a competitive bid process.

Ricardo is the global, multi-industry engineering and environmental consultancy known for delivering outstanding projects focused on class-leading innovation.

Martin Fausset, Managing Director of Ricardo UK, commented "We have once again selected Matchtech Group based on the outstanding service they have provided us over many years. They have provided access to high calibre candidates across a wide range of engineering sectors and have unrivalled market knowledge. They have also successfully managed our cost base through streamlining our dealings with subcontract staffing agencies. Matchtech Group's interaction at all levels within the Ricardo business has resulted in a trusted partnership that is fully engaged. These qualities are vital in this fast paced industry where new projects require rapid staffing responses."

Adrian Gunn, Chief Executive Officer of Matchtech Group plc, commented: "It is very pleasing to see our longstanding relationship with Ricardo further strengthened. Ricardo is a great company with an excellent employer brand and offer great opportunities for our candidates. They are a pleasure to work with. Our track record of delivering recruitment solutions to Ricardo over many years highlights our expertise and unrivalled reach within the engineering market, ever more crucial given the widely reported engineering skills shortages being experienced in the UK. We look forward to continuing our successful relationship with Ricardo in providing both contract and permanent candidates."

For further information please contact:

 
 Matchtech Group plc                     +44 (0) 1489 898989 
     Adrian Gunn, Chief Executive 
                Officer 
  Tony Dyer, Chief Financial Officer 
 Newgate Threadneedle - Financial 
  PR                                    +44 (0) 20 7653 9847 
 John Coles / Fiona Conroy / 
  Edward Treadwell 
 Numis Securities Limited               +44 (0) 20 7260 1000 
 Michael Meade / James Serjeant 
 

About Matchtech

Matchtech Group plc (LSE-AIM: MTEC), is the UK's leading specialist engineering and professional services recruitment agency, providing contract, temporary and permanent staff. Established in 1984 and AIM-listed in 2006, the Group is one of the fastest growing staffing organisations listed in the UK, with a well-balanced business model; approximately 70% contract and 30% permanent.

The Engineering division spans five specialist sectors - Infrastructure; Automotive, Maritime; Aerospace; Energy - as well as General Engineering. The Professional Services division covers technology markets through our Connectus and Provanis brands and Professional Staffing though our Alderwood and Barclay Meade brands.

About Ricardo

Ricardo plc is a global engineering and environmental consulting company, with a value chain from strategic consulting through to niche high performance product assembly. Ricardo employ over 2,000 professional consultants, engineers, scientists and support staff worldwide. Clients includes the world's major transportation Original Equipment Manufacturers (OEMs), supply chain organisations, energy companies, financial institutions and governments. For more information, visit www.ricardo.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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