Eckoh Plc (LON: ECK) has secured a six-year renewal of its contract with Capita. It’s a significant UK contract win for the company of providing services for the Congestion Charge to TfL (Transport for London).
- The new contract which follows the Group's existing five-year agreement with Capita and TfL is at a total contract value of £4 million.
- The sophistication and uniqueness of company’s complementary product suite are going to support Capita with the capabilities to continue to efficiently deliver TfL secure customer payments.
- The company has further stated that the contract extension will span a far greater reach, covering TfL's new work expanding into the LEZ (low emissions zone) and ULEZ (ultra-low emissions zone), planned for 2021 through to 2026.
- On 13August 2020, at the time of writing, GMT 10:49 AM, ECK shares were trading at GBX 66.50, up by 3.50 points or 5.56% against the previous day closing price.
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