Acrow Limited achieves significant contract wins

Acrow (ASX:ACF), a leader in construction systems in Australia, has announced two major contract wins totaling $7.5 million. This includes a $4.5 million contract with Formcom for the Cypress Palms project on the Gold Coast and a $3.0 million contract with Future Generation for the Snowy 2.0 project. These are the largest equipment hire and Jumpform hire contracts in the company's history, with most of the revenue expected in FY25.

Overview of Acrow's strategic contract acquisitions

Acrow Limited has secured two significant contracts, enhancing its position in the construction industry. The $4.5 million contract for the Cypress Palms project and $3.0 million for the Snowy 2.0 project mark a milestone in Acrow's history as the largest equipment hire and Jumpform hire contracts to date. The company aims to capitalize on these opportunities, with most revenues forecasted for FY25. Acrow's strategic goal is to expand its footprint in Australia's civil infrastructure sector, exemplifying its commitment to innovation and excellence in construction services.

CEO comments on strategic contract wins

We are pleased to secure the largest hire revenue contract in the history of our business. Acrow is establishing itself as a leading Jumpform contractor in Australia. We are proud to be supporting transformative projects such as Meriton's Cypress Palms and Snowy 2.0.