EU Supply wins four new contracts
AIM-listed e-procurement software provider EU Supply has announced four new contracts for the use of its CTM platform, including the first contract in Germany through its distributor T-Systems.
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The company said each of these contracts is of relatively low value. The two-year German contract is with Einkaufsverbund der Krankenkassen, a procurement consortia of health insurance authorities. It will see T-Systems start the implementation of EU Supply's CTM platform this month.
Meanwhile, two of the contract wins are in Denmark and are with the Danish police force and Nordkøb A/S, the procurement office of six local utilities. EU Supply said the wins "further consolidate the group's strong market position in Denmark and the board estimates that the group has more than 50% of the Danish public tender management system market, well ahead of its main competitors".
Finally, the fourth contract is with another county council in Norway.
Miroslav Snaidr, head of procurement services of T-Systems, said: "With this first contract win and our pipeline of opportunities, we are optimistic, both short- and long-term, in signing further contracts for EU Supply's CTM platform in Germany."
At 1010 BST, the shares were up 1.3% to 19p.