LPA Group gets PS1.4 million in contracts for UK and Dutch rail work
LPA Group PLC shares rose on Wednesday after it secured contracts for the supply of interior lighting retrofit for two rail refurbishment projects.
The Essex, England-based engineering company focused on electronic systems said it was awarded a number of new contracts with a combined total value of over £1.4 million.
The contracts have been inked with Paris-based rolling stock manufacturer Alstom SA and with Utrecht, Netherlands-based train operator Nederlandse Spoorwegen.
Alstom claims to be the UK & Ireland’s leading supplier of new trains and maintenance services. LPA will supply around 9,000 LED tubes and 9,000 inverter bypass units for Alstom Class 357 trains. It expects this contract to commence in September.
LPA also is set to supply LED tubes and step lights for Class 222, with this contract scheduled to begin in October, running through to June 2027.
Under the Nederlandse Spoorwegen contract, LPA is set to supply around 20,000 LED tubes and bypass harnesses for Dutch railways.
Full delivery is anticipated by the end of September.
LPA shares were up 8.4% to 54.20 pence on Wednesday afternoon in London.
Chief Executive Philo Daniel-Tran said: ‘These contract awards represent a significant boost to our manufacturing site in Yorkshire and further reinforces our position in the UK and European rail aftercare market which remains a key strategic focus for the group.’
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