Depa Limited (“Depa”), the leading global interior solutions group, announces a project award of EUR 17 million (more than AED 74 million). Vedder, Depa’s European-based key business unit, has secured the interior fit-out package for a new-build superyacht project.
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 client has awarded the entire interior package to Vedder.
Hamish Tyrwhitt, Depa’s Group Chief Executive Officer, commented:“This contract award exemplifies the trust our clients have in Vedder and Depa. The award of the entire interior package on this superyacht is testament to Vedder’s continuing unparalleled project delivery, timely execution and quality of craftsmanship as one of the world’s leading interior fit-out service providers for superyachts.
“Vedder’s backlog remains at record levels. In addition to this important win, Vedder secured an AED 130 million superyacht fit-out project earlier this year, its largest superyacht project to date.”
For further information, please contact:
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.
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 that 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, 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