Primech Holdings announced that its subsidiaries, Primech A & P and Maint-Kleen, have secured four facilities services contracts with a combined value of approximately S$11.9 million (US$8.8 million), strengthening the company’s recurring revenue base and expanding its presence across Singapore’s commercial and institutional sectors.
The contracts, which have service periods ranging from about one year to three years, are expected to provide recurring revenue through 2029. The newly awarded engagements cover comprehensive cleaning, integrated facilities support, waste management, and pest control services.
The new assignments include a facilities services contract for a major fashion and lifestyle company, an integrated cleaning, waste management, and pest control agreement supporting a flagship smart-city digital business district, a long-term facilities services engagement for one of Singapore’s largest institutional and community developments, and a facilities services contract for the local operations of a global industrial technology and energy management company.
Primech said the awards enhance its customer portfolio and demonstrate its ability to win contracts across commercial offices, mixed-use developments, institutional facilities, and industrial campuses.
Management said the contract wins reflect increasing demand for technology-driven facilities management services and reinforce Primech’s reputation for delivering consistent service quality across complex operating environments. The company expects the contracts to contribute meaningful recurring revenue while strengthening customer relationships and supporting long-term growth.
Primech continues to focus on expanding its presence in premium commercial, institutional, and infrastructure-related facilities while using technology-driven solutions to improve efficiency and service delivery.
Headquartered in Singapore, Primech Holdings provides technology-enabled facilities services to public and private sector customers. Its offerings include facility maintenance, specialized cleaning solutions, stewarding services, and office and residential cleaning. The company trades on the Nasdaq under the ticker symbol PMEC.
KEY QUOTE:
“The successful award of these major commercial, institutional and tenancy contracts represents another important milestone for Primech and reflects the confidence that customers place in our service quality, operational capabilities, and technology-driven approach. These contract wins strengthen our recurring revenue base, expand our presence across several strategically important sectors, and further strengthen our position within Singapore’s integrated facilities services industry. We remain focused on delivering operational excellence while creating sustainable long-term value for our customers and shareholders.”
Ken Ho, Chairman And Chief Executive Officer, Primech Holdings
