KLR Keller Group Plc

TIDMKLR

RNS Number : 3101I

Keller Group PLC

24 July 2012

For immediate release Tuesday, 24 July 2012

Keller Group plc

Major US Contract Award

Keller Group plc ("the Keller Group"), the international ground engineering specialist, announces that it has been awarded a contract worth approximately US$41m (GBP26m) to construct piles for a transmission line project in New Jersey.

The North Central Reliability Project covers a section of transmission line which is more than 50 years old and requires not only replacement, but also upgrading to carry higher voltage.

Two Keller Group companies, Case Foundation and McKinney Drilling, will install drilled shaft foundations for new monopole towers to replace the old lattice towers.

This critical line can only be taken out of service for brief intervals and, to minimise the outage, the foundations will be installed beneath the existing transmission wires, for which our equipment has been specially configured.

Approximately two thirds of our work is expected to be completed this year.

Justin Atkinson, Keller Chief Executive, commented:

"We are delighted to have been selected by Public Service Electric & Gas to work on this important project. This upgrade is one of many major US transmission line projects either in planning or currently underway, which are helping to support the recovery in US construction markets.

"The recent awards of this and other power-related work in the US demonstrate excellent progress against our objective of growing our market share in this vibrant sector."

For further information, please contact:

 
 Keller Group plc 
 Justin Atkinson, Chief Executive                          020 7616 7575 
 James Hind, Finance Director 
 
 Finsbury 
 James Leviton/Rowley Hudson                                020 7251 3801 
 

Notes to Editors:

Keller is the world's largest independent ground engineering specialist, providing technically advanced and cost-effective foundation solutions to the construction industry. With annual revenue of around GBP1.2bn, Keller has over 6,000 staff world-wide.

Keller is the market leader in the US and Australia; it has prime positions in most established European markets; and a strong profile in many developing markets.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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