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Tenon flourishing from Elite acquisition

Tenon FM, the subsidiary of AIM listed security and facilities management company, Mortice, has been awarded two contracts worth a combined total of the £2.25 million per annum.

The contract wins with Surrey & Sussex Police and BMW follow the completion of the £4.5 million acquisition of Elite Cleaning & Environmental Service in April 2017.

Elite will provide cleaning and waste services for Surrey & Sussex Police having won a joint tender for both forces. The initial contract is for three years, with the potential to extend for a further two. It is Elite and Tenon FM’s first contract win in the police forces sector in the UK and the company is now working on several additional tenders within this sector.

Elite has also secured a place on the BMW approved supplier list and landed a two-year deal. Having previously worked with BMW on an ad-hoc basis this is the first long term contract it has been awarded. As an approved supplier, Elite (and Tenon FM) is now part of the global framework for BMW. It is now tendering for several opportunities with other BMW Group companies.

Speaking about the new contracts, Tim Hancock, Chief Executive of Tenon FM said: “These two deals prove what a great acquisition Elite has been for our business. Already, it has given Tenon FM visibility in new sectors. What’s more, we are already talking about opportunities with the UK police services that builds on our security expertise plus, we are optimistic about our relationship with BMW in the UK and globally.

“Tenon FM is moving at pace, expanding through organic growth and acquisition, and this deal is really going to help us achieve our goals.”

Manjit Rajain, Chairman of Tenon FM added: “We are delighted with Elite’s performance to date. When we bought the business in April we identified several significant growth opportunities and believe these contract wins highlight the potential for the Tenon to further strengthen its growing presence in the UK.”

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