HMS Hydraulic Machines & Systems Group Plc (the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS Group Signs US$ 415M Agreement with Gas Processing Plant
Moscow, Russia – May 26, 2017 - HMS Group (LSE: HMSG) announces today that it has entered into an agreement for the supply in 2018-2020 of various equipment for reconstruction of technological facilities of a Gas Processing Plant located in the European part of Russia, with an aggregate purchase price of up to Rub 23.3 billion (c. US$ 415 million). The agreement remains subject to payment of advance by the buyer and further clarification of the scope of the equipment, terms of delivery and certain other conditions.
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About HMS Group
HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services for the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS headquartered in Moscow, Russia. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. HMS has a listing on the London Stock Exchange in the form of global depositary receipts (LSE: HMSG).
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