Nationwide Accident Repair Srvs PLC Contract Win (6527Q)
03 Setembro 2014 - 3:00AM
UK Regulatory
TIDMNARS
RNS Number : 6527Q
Nationwide Accident Repair Srvs PLC
03 September 2014
AIM: NARS
Nationwide Accident Repair Services plc
("Nationwide" or "the Group")
Contract win
Nationwide, the largest dedicated provider of automotive crash
repair services in the UK, is pleased to announce that, following a
competitive tender process, it has signed a major new contract with
Allianz Insurance plc ("Allianz"), in which Nationwide will be one
of two preferred suppliers for vehicle accident repair and repair
management services across the UK. The deal is estimated to be
worth approximately GBP10 million per annum once fully implemented.
The contract starts immediately and supports Nationwide's trading
performance in the current financial year and beyond.
Under the terms of the agreement, Allianz will use a range of
Nationwide's vehicle repair services which include mobile and
specialist glass services, courtesy vehicles as well as
bodyshop-based repairs. Nationwide's Network Services Division will
manage the deployment of the vehicle repairs. The contract follows
Allianz's decision to consolidate its supply chain in order to gain
operational efficiencies and provide enhanced customer
experience.
Paul Ashton of Allianz Insurance said,
"Following many months of customer research and analysis, the
further consolidation of the Allianz repair network comes as a
result of changing industry dynamics, increasing regulatory demands
and a growing customer base.
This is an exciting time for Allianz and I am very much looking
forward to working closely with our chosen partners to ensure that
our service delivery will be market leading."
Michael Wilmshurst, chief executive of Nationwide, said,
"I am delighted that Nationwide has been selected as one of two
preferred suppliers for all of Allianz's motor insurance repairs
across the UK. Allianz's initiative is a progressive step and with
our national network, common technology platform and skilled and
committed team, we believe that we can help to deliver efficiency
gains and first class services. We look forward to supporting
Allianz in its objective to create an efficient, customer-friendly
integrated vehicle repair service."
Nationwide Accident Repair Services plc T: 01993 710 720
Michael Wilmshurst, Chief executive
David Pugh, Group finance director
KTZ Communications T: 020 3178 6378
Katie Tzouliadis / Deborah Walter
Westhouse Securities T: 020 7601 6100
Antonio Bossi / Henry Willcocks
About Nationwide Accident Repair Services plc
Nationwide provides automotive crash repair and accident
administration services to the UK insurance industry, fleet
operators and retail customers and is the largest dedicated
provider of accident repair services in the UK.
The Group operates a national network of accident repair centres
across England, Scotland and Wales and has dedicated mobile repair
fleets which repair light damage and automotive glass. Other
services include accident administration, courtesy cars and salvage
management. All Nationwide's services are fully integrated and
unified on a single IT platform, enabling the Group to provide
market-leading standards.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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