Innovation Group signs renewal agreement with long-term partner

9th Jul 2014 08:51

The Innovation Group has received a contract renewal from an unnamed South African subsidiary of one of the world's leading motor manufacturers.The contract is expected to provide the group with estimated revenues of more than £10m over the the length of the contract. Innovation, which provides business services to the insurance industry, will continue to provide management services for the manufacturer, including warranties, service and maintenance plans, as well as the distribution and management of extended warranties and service plans.Chief Executive Officer Andy Roberts said: "This further demonstrates how our insight-led technology has been a key component to clients' success and we look forward to continuing to maintain and build upon the opportunity in the region."As of 08:27, the share price had risen 1.09% to 34.75p.WS