Hercules Site Services PLC (AIM:HERC) said its civils projects division has won another £3.1 million of contracts from the water industry as the sector deals with various issues, including sewage releases into waterways.
The division has been busy working on several wastewater treatment and water management projects since the start of May, the AIM-listed company said, continuing a trend reported in the first half of the year.
Construction director Paul Field said the team’s “extensive experience in the water sector has enabled us to secure a significant portfolio of work as companies in this space focus on resolving a range of well-documented issues”.
This meant the second half of the year “kicked off to a busy start”, he said.
Hercules also added that the civils arm “provides substantial opportunity for Hercules to cross-sell its labour supply and suction excavator services to blue chip clients”.
A £2.28 million contract was won with Thames Water across six sites, while another three-site contract with Anglian Water was worth £895,000.
“With UK water companies pledging to invest £10bn for the next seven years to 2030, we are well positioned to meet increasing demand for our specialist services,” said Field.
The contract awards come on the back of the division contributing £6.7 million in the first half of the year.