EU Supply has renewed its distribution agreement with CTM Solutions BV in the Netherlands for a minimum of three years.
This agreement originates from 2007 and is on a revenue share basis. As part of the renewal, the group will also deliver certain services for approximately €75,000.
The group says it has also received notice from the Minister for Public Expenditure and Reform in Ireland executing the option to extend the existing agreement between the parties until May 2020.
In addition, the group has received an intention to award for a 3-year agreement (plus the option to extend for 1 year) with existing customer Fællesudbud Sjælland (a consortium comprising over 15 Danish municipalities).
The intention to award also includes the option for additional municipalities to use the Group's CTM platform.
This renewal confirms the group's strong market position in Denmark.