Felix Group Holdings Ltd (ASX: FLX) has announced the successful acquisition of an enterprise contract with NRW Holdings (ASX: NWH), a prominent ASX-listed provider of diversified contract services in Australia's resources and infrastructure sectors. This 3-year agreement grants NRW licensing access to Felix's modules. The contract holds significant importance for Felix, accounting for approximately 7% of their Contractor's Annual Recurring Revenue as of Q3 FY23.
This enterprise contract with NRW follows Felix's previous successful collaboration with Primero, a subsidiary of NRW, showcasing the value and potential for upselling within larger parent organizations of Felix's existing customer base. Using Felix's platform, NRW aims to optimize and standardize its procurement and supply chain management across its subsidiaries. This 3-year agreement solidifies Felix's partnership with NRW Holdings, a prominent construction and mining contractor headquartered in Perth.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
