LPA GROUP PLC — M&A Activity 2013

Sep 26, 2013

National Storage Mechanism | Additional information

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RNS Number : 9205O

LPA Group PLC

26 September 2013

LPA GROUP PLC

("LPA" or the "Group")

Preferred bidder status for Hitachi Class 800 series trains LED Lighting and Power Jumpers

Further to the announcement on 20th May that LPA Group Plc, the LED lighting and electro-mechanical equipment specialist, had been awarded Exclusive Preferred Bidder Status by Hitachi Rail Europe for the supply of LED Lighting for the Intercity Express Programme (IEP)(Hitachi Class 800 series trains), under which trains will be supplied to run on the Great Western Main Line and East Coast Main Line in the UK, LPA are pleased to announce that they have also received a letter of intent from Hitachi Rail Europe covering the supply of power jumpers for IEP. The total initial programme value is expected to exceed £5m. Deliveries for the first 19 vehicles of a total of 596 vehicles will commence in early 2014, with full production of the balance of vehicles commencing in the autumn of 2015.

Peter Pollock, Group Chief Executive, commented: "This is further good news and we are proud to be part of Hitachi's British supply chain. Since the announcement in May, Hitachi Rail Europe has also been selected for the second phase of East Coast Main Line comprising an additional 270 vehicles and LPA has been bidding additional lighting and electrical equipment opportunities, further increasing the potential value of the project to LPA. "

ENQUIRIES:

LPA Group plc
Peter Pollock, Chief Executive                                        Steve Brett, Finance Director	Tel: 07881 626123 or 01799 512844 Tel: 07881 626127 or 01799 512860
Cairn Financial Advisers LLP (Nominated Adviser)	Tel: 020 7148 7900
James Caithie / Avi Robinson
XCAP Securities (Broker)	Tel: 020 7101 7070
David Lawman / Adrian Kirk
College Hill (PR Adviser)	Tel: 020 7457 2020
Mark Garraway / Helen Tarbet

This information is provided by RNS

The company news service from the London Stock Exchange

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