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    KLR   GB0004866223

KELLER GROUP PLC

(KLR)
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Delayed London Stock Exchange  -  11:27 2022-09-30 am EDT
633.00 GBX   +0.64%
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Keller : VSL Joint Venture awarded £167 million HS2 contract

02/18/2021 | 06:03am EDT
Keller VSL Joint Venture awarded £167 million HS2 contract

Posted: 18 Feb 21

Keller Group plc ('Keller') and VSL International announce their 50:50 joint venture (KVJV) has been awarded a £167 million contract to deliver geotechnical work as part of the C1 package on High Speed 2 (HS2) in the UK.


The contract was awarded to KVJV by Align, a joint venture of three international infrastructure companies; Bouygues Travaux Publics SAS, a subsidiary of Bouygues Construction, Sir Robert McAlpine and VolkerFitzpatrick, a subsidiary of VolkerWessels UK, which is building the C1 section of the new high speed line between London and the West Midlands.

This section consists of 21.6km of high-speed rail infrastructure, including a 3.4km viaduct and twin-bore 16km tunnels under the Chilterns.

KVJV's scope of work is to construct the piled foundations for the viaducts, grouting works, retaining structures for four ventilation shafts, and ground improvement works for the execution of the tunnel cross passages.

At peak of the production it will require 270 highly skilled people working on site drawing on their expertise in ground engineering and foundations (diaphragm walls, grouting, piling).

KVJV has already completed supplementary site investigations and pile testing. The teams are currently working on advance works for the south portal of the tunnel that will be the entry point for the tunnel boring machines, and the first diaphragm wall for one of the ventilation shafts.

Jim De Waele, Keller President Europe, comments:

'The KV joint venture is a continuation of our successful partnership on the Melbourne Metro Project in Australia. We're excited to bring our complimentary geotechnical capabilities, experience and capacity on one of the most demanding and exciting transport projects in Europe.'

Peter Hughes - Managing Director, VSL Systems (UK) Ltd adds:

'We are looking forward to moving into the main works on this project. This award is the culmination of a collaborative approach adopted by HS2, Align, KVJV and other stakeholders, to develop the best possible solution for the project and we are excited to be involved.'

For further information, please contact:
Keller Group plc
Caroline Crampton, Group Head of Investor Relations
020 7616 7575
www.keller.com
FTI Consulting
Nick Hasell, Matthew O'Keefe
020 3727 1340

VSL International
Jessica Swiderski, External Communications Manager
+33 761 644 160
jessica.swiderski@vsl.com

Disclaimer

Keller Group plc published this content on 18 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2021 11:02:04 UTC.


© Publicnow 2021
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Sales 2022 2 672 M 2 946 M 2 946 M
Net income 2022 53,5 M 59,0 M 59,0 M
Net Debt 2022 255 M 281 M 281 M
P/E ratio 2022 7,89x
Yield 2022 6,12%
Capitalization 458 M 505 M 505 M
EV / Sales 2022 0,27x
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Nbr of Employees 10 000
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Peter J. Hill Non-Executive Chairman
Katrina Roche Chief Information Officer
Venu Raju Director-Engineering & Operations
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