Transguard secures $231m worth of new contracts
The Transguard Group has announced more than 310 new contract wins worth more than $231m (AED850m) annually
The Transguard Group has announced more than 310 new contract wins worth more than $231m (AED850m) annually.
Securing major contract wins across all business functions, the company has won several notable manpower services contracts, including a three-year fixed Mechanical, Electrical & Plumbing (MEP) contract for 650 employees with Drake & Scull International.
The new business comes just over a year into the tenure of new managing director, Greg Ward and subsequently a further four key senior management appointments.
Ward said: “We have a fantastic team at Transguard who ensure the company’s continued success and as our company grows so does our reach and our related support services. This combination allows us to provide our clients with a high-quality service at a very competitive price point.”
Transguard is also providing HR solutions for over 150 personnel for F&B investment company Wakira, over a three-year period.
The company has also acquired workforce solutions’ contracts with leading international real estate specialist CBRE for 50 employees and with Al Futtaim Electronics for more than 40 employees, both for a minimum of three years.
The new business successes have been supported by a 95% retention rate of existing contracts, helping the company achieve annual growth.
Ward added: “With the wealth of new contract wins we’re confident our financial results for this year ending 31st March, will exceed last year, an impressive performance given the difficult macroeconomic environment business in general has faced over the last 12 months.”