The Transguard Group has announced more than 310 new contract wins worth over AED 850mn ($231mn) per year.
The deals cover all business functions and include a three-year Mechanical, Electrical & Plumbing (MEP) contract with Drake & Scull International and workforce solutions contracts with international real estate specialist CBRE.
The new business comes just over a year into the tenure of new Managing Director, Greg Ward and other senior management appointments.
We have a fantastic team at Transguard who ensure the companys continued success and as our company grows so does our reach and our related support services, said Ward. This combination allows us to provide our clients with a high-quality service at a very competitive price point.
By aligning Transguard with their respective corporate strategies, our customers empower us to deliver all of their business goals, through our cash, security, manpower and integrated facilities services, he added.
Transguard generated revenue in excess of, AED 1.4bn during the 2015/2016 financial year according to figures audited by PricewaterhouseCoopers. This marked a 38 percent increase over the previous year and profit of over AED 123mn represented a 16 rise during the same time period.
With the increase in business, Transguard reached a milestone 50,000 employees in October last year. The figure has subsequently risen to 55,000 further highlighting the growth of the company.
With the wealth of new contract wins were 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, said Ward.