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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Altran Technologies    ALT   FR0000034639


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Altran Technologies : Network Rail awards contract to support the delivery of workbank

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08/20/2019 | 09:31am EDT
Network Rail awards contracts to support the delivery of the workbank

As part of a new managed services facility arrangement, the new long-term contracts will enable greater integration with the two suppliers, allowing early engagement and increased collaboration on discrete packages of work.

Martin Frobisher, Network Rail's Group Safety, Technical and Engineering Director, said: "The managed services facility is a new, innovative contractual arrangement that has been developed to help us successfully deliver on our CP6 commitments. It will be particularly helpful in managing the significant peaks we can experience in work activity, and reduce the pressure those peaks place on our workforce.

"Both Altran and AECOM will provide us with additional capacity and capability to deliver and access new and innovative ideas from other industries. This will ultimately deliver benefits for our passengers and freight users, particularly around safety and reliability.

"This is only the start of the journey and we look forward to working closely with both suppliers to develop and shape the work packages that need to be delivered."

Mark Southwell, Managing Director - Civil Infrastructure, UK and Ireland, AECOM, said: "AECOM brings its global technical resource and capabilities to this multifaceted programme, delivering vastly diverse strategic consultancy and important research and development that will influence real change in our industry.

"The framework enables a new way of working that encourages collaboration, with Network Rail, AECOM and Altran. Focused on driving safety, environmental and performance improvements across the rail network, we will work together to deliver projects within the Network Rail Safety Technical and Engineering Directorate national programmes."

John Napier, Altran's Business Unit Director for Rail, said: "We are delighted to be selected to work with Network Rail's STE team to support the delivery of key rail projects over the next five years. We've enjoyed a long and successful relationship with Network Rail over many years, with recent successes on Thameslink and DMWS (COMPASS). This new contract provides an opportunity to build a mature and lasting partnership with Network Rail, and we're excited to get started on delivering key elements of the CP6 commitments."

© Russell Publishing Limited, 2019. All Rights Reserved., source Trade Journals

Stocks mentioned in the article
ChangeLast1st jan.
AECOM 0.23% 38.77 Delayed Quote.-10.11%
ALTRAN TECHNOLOGIES -0.87% 14.77 Real-time Quote.4.31%
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Sales 2019 3 232 M - -
Net income 2019 149 M - -
Net Debt 2019 1 313 M - -
P/E ratio 2019 24,4x
Yield 2019 1,55%
Capitalization 3 687 M 4 064 M -
EV / Sales 2018
EV / Sales 2019 1,55x
Nbr of Employees 50 124
Free-Float -
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Dominique Cerutti Chairman & Chief Executive Officer
Albin Jacquemont Chief Financial Officer & Executive Vice President
Pascal Brier EVP-Strategy, Technology & Innovation
Keith Williams Director-Group Technical
Nathalie M. Rachou Independent Director