Coventry's Aurrigo secures £1.5m auto contract
The automotive division of Coventry-based Aurrigo International plc, a specialist in automated ground handling technology for baggage and cargo operations, has secured an £1.5 million European export contract with an existing global automotive manufacturing customer.
The contract will see the Group supply wiring harnesses to the customer over the course of approximately 2.5 years, with production expected to start in H2 2025. The contract was won, following a competitive tender process, thanks to both the strong existing relationship with the customer and a recognition of the Group's product quality and on time delivery performance.
The contract, which will be delivered at positive net margin for the Company, does not change management's financial expectations going forward, but provides further visibility in the forecasts of the business.
David Keene, CEO of Aurrigo, said: "We are delighted to announce this contract win with a major global automotive manufacturer, demonstrating our automotive expertise and ability to tailor the manufacture of complex systems to suit our clients' needs - skills we are also leveraging in our designs for our smart airside solutions. Our UK leading Automotive division continues to grow organically, underpinning the overall Group's performance."
