Scotland business

Havelock Europa wins £20m schools deal

Fife shop and office-fitter, Havelock Europa, has won a three-year contract to fit out at least 30 new schools in the south of England.

The deal with Balfour Beatty Construction is worth about £20m and means Havelock will fit-out the schools with furniture and other equipment.

The company has had a difficult few years, with latest losses of £4.6m.

Havelock said the deal was part of its strategy of investing in the education market.

The company's chief executive Eric Prescott, said: "This framework agreement strengthens our leadership in the educational supply market and provides us with good visibility going forward.

"Having worked with Balfour Beatty for many years, we are delighted that our relationship has been recognised through a framework agreement and now both parties can now focus on maximising the value and quality of service we deliver for our mutual customers."

The Dalgety Bay-based firm has reduced its workforce over the past two years from 1,000 to 750, and has tackled overheads.

It aims to increase overseas sales, with projects already under way in China, where it is working at Marks & Spencer stores, and from continental Europe, where UK retail clients are expanding.

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