|22 October, 2018

Depa secures two superyacht fit-out packages

Hamish Tyrwhitt, Depa's Group Chief Executive Officer, commented: "These contract awards exemplify the trust our clients have in Vedder and Depa"

Depa secures two superyacht fit-out packages

Depa Limited (“Depa”), the leading global interior solutions group, announces two project awards with a total value of EUR 36 million (more than AED 150 million). Vedder, Depa’s European-based key business unit, has secured the entire interior fit-out packages for two new-build superyacht projects.

Vedder, located in Germany, specialises in the provision of interior solutions to the superyacht, private jet and high-net-worth residence fit-out markets. Demonstrating the strength of its reputation, Vedder’s clients have, in each instance, awarded the entirety of these interior packages to Vedder.

Hamish Tyrwhitt, Depa’s Group Chief Executive Officer, commented: “These contract awards exemplify the trust our clients have in Vedder and Depa. The award of the entire interior packages on these superyachts is testament to Vedder’s unparalleled project delivery, timely execution and quality of craftsmanship.

“Vedder’s backlog remains at record level, whilst its continued operational improvement ensures that Vedder is well prepared for additional projects to come.”

-Ends-

For further information, please contact:
Depa Limited
Tel: +971 4 446 2100
Hamish Tyrwhitt, Group Chief Executive Officer
Steven Salo, Group Chief Financial Officer
For more information, please refer to the corporate website: www.depa.com 

Depa is a strategic management company specialising in global interior solutions. Depa’s four key business units hold leading positions in their respective markets: Design Studio, Vedder, Depa Interiors and Deco Group. Employing thousands of people worldwide, the Group’s operations are centred on three regional hubs: Asia, Europe and the Middle East.

Depa’s mission, shared by each of its key business units, is to deliver sustainability, profitability and performance for its clients, shareholders and employees. The Group’s five core values are integral to everything Depa does: transparency, integrity, accountability, professionalism and exceptional service.

Depa Limited is listed on the Nasdaq Dubai (DEPA: DU) and is headquartered in Dubai, United Arab Emirates.

Cautionary statement:

This document contains certain 'forward looking statements' with respect to Depa's financial condition, results of operations and business and certain of Depa's plans and objectives with respect to these items. By their very nature, forward looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events, and depend on circumstances, which may occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward looking statements. All written or verbal forward looking statements, whether made in this document or made subsequently, which are attributable to Depa or any other member of the Group or persons acting on their behalf are expressly qualified on this basis. Depa does not intend to update these forward looking statements.

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases