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WASHINGTON, DC. – September 14, 2009 – VT Services, an industry leader in the delivery of customer-critical services to government agencies and U.S. arm of U.K.-based VT Group plc (VTG.L), today announced that it will be consolidating its U.S. operations which are comprised of VT Aepco, VT Griffin and VT Milcom. Operating as one VT Group, the new organization will be based in Washington, DC with operating locations in Alpharetta, Georgia; Gaithersburg, Maryland; and Virginia Beach, Virginia.
The combined company will include 3,400 personnel based at more than 100 locations throughout the U.S. and serving in forward locations such as Afghanistan, Iraq, Kuwait, Africa and Guam. For 2008, total revenue for U.S. operations was approximately half a billion. Worldwide, VT Group plc has more than 12,000 employees and annual revenues approximately $1.5 billion.
Consolidation will enable customers served by any VT Group business unit to access service offerings from both the U.S. and U.K., as well as to take advantage of VT Group’s domestic U.S. locations and more than 100 international sites. At the same time, it will streamline the operations of three businesses into one, empowering on-site personnel and program managers to respond quickly and flexibly to customer requirements. The net result for government customers is access to broad, global service offerings with the speed and responsiveness of a small company.
“Government agencies partner with VT Group because we help tackle their critical challenges with the ownership, personal care and enthusiasm not typically seen in a large government contractor,” said David Dacquino, chief executive officer of VT Group’s U.S. operations. “The consolidated organization will keep that keen focus on partnership and performance while significantly improving the scope, depth and global reach of services available to our customers.”
For example, our customers currently use VT Group for a range of facility operations and maintenance, integrated logistics and depot-level management services. The consolidated organization will readily enable those customers to access VT Group’s range management operations, world-class training capabilities and industry-standard C4IT offerings through one VT Group organization.
“Government customers don’t need any more complexity or administrative burden from their contractors,” continued Dacquino. “They need simple, fast solutions that they can rely upon to complete the mission at hand.”
For investors, the consolidation will result in a leaner operating entity with improved opportunity to leverage capabilities. By shedding its former brands, one VT Group will strengthen operations and maximize efficiencies. At the same time, it will allow VT Group to bring new capabilities to existing, committed customers. The consolidation will enable VT Group to put the capabilities of the entire global company behind new contract capture, presenting the larger profile and wide service offerings needed to prime larger contracts.
Moving forward, VT Group’s operations will be focused on four market areas:
C4IT Integrated Solutions
VT Group provides systems integration and engineering solutions for C4IT systems and facilities infrastructure. The company is the premier installer and implementer of fleet C4ISR, submarine communications and shore-based C4IT systems, and it is currently the largest C4ISR Alteration Installation Team (AIT) contractor for the U.S. Navy. VT Group’s C4IT personnel – 70 percent of whom have secret clearances or higher – deliver flexible, innovative and turnkey solutions to civilian and defense agencies worldwide.
Readiness and Logistics Support
VT Group works extensively with the armed forces and a limited number of commercial customers to help maintain readiness of key platforms. Beyond maintenance logs and inventory sheets, VT Group collaborates with the customer to determine operational requirements, and then continuously looks for ways to improve efficiency and effectiveness.
Supporting organizations with global operations requires world-class data management systems, in-depth training and – especially – a highly-skilled workforce. VT Group’s readiness and logistics teams are lean, highly responsive and enthusiastic about the customers they serve.
Base and Range Operations
From facilities management to specialized, critical services VT Group plays a pivotal role in providing multi-dimensional, non-combat operations support at military bases around the world. VT Group enables base commanders to access a broad range of basic services along with deep specialized services such as Hazmat response and emergency operations center management.
VT Group is the largest provider of vocational training in the U.K. and a major provider of training to support services personnel in the U.S. The company’s training expertise spans both commercial and military organizations, applying both subject matter expertise and a deep knowledge of training doctrine to deliver integrated solutions.
About VT Group’s U.S. Operations
VT Group’s U.S. operations provide customer-critical technical services to governments and large organizations around the world. Focused on supporting government agencies in the U.S., VT Group’s 3,400 personnel are passionate about serving our customers. We provide services from design and acquisition to operation and maintenance of facilities and assets, through to providing support and training – to everyone from electrician’s mates and aviators to crew captains, financial managers and logisticians.
For more information on the VT Group, visit http://www.vt-group.com