Driver wins consulting contract with mystery client

Driver Group, the global construction consultancy, looks to have landed itself up to four years of work on a new contract.

Driver Group, the global construction consultancy, looks to have landed itself up to four years of work on a new contract.

The contract win, won under the auspices of Driver's recent acquisition, Treet Consulting, is with "one of the world's largest independent oil and gas ... companies".

Driver says confidentiality concerns prevent it from actually naming the new client but the initial agreement will run for 12 months and the overall involvement is expected to be "in excess of four years".

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The first assignment fee will be $2m.

The news has seen Driver's shares climb 6.8% in morning trading.

BS