Zutec Signs SEK2.6M Agreement for Infrastructure Project

Dublin, Ireland, 30 November 2020 –Zutec Holding AB (publ) (“Zutec”) today announced that it has signed a SEK2.6M agreement with ITX 360 (PVT) LTD (“ITX”) for the Bandaranaike International Airport (BIA) Phase II. The agreement is initially for a period of 4 years and consists of almost 75% software revenues for the provision of whole Zutec integrated cloud-based software platform.

“We are pleased to be working with Taisei and ITX on the construction of this important infrastructure project. Taisei and ITX will be using the entire Zutec platform on this construction project including Zutec Cloud, Zutec Field and Zutec BIM in addition to our powerful analytics tool Zutec Analytics. We are seeing governments throughout the world accelerating their spend on infrastructure projects. Zutec has a long history of providing construction software solutions to airports and this project is a testament to our strong track-record in the construction of airports globally, which remains a key focus area of growth for Zutec. This agreement comes on the back of other recent infrastructure successes including the Midfield terminal in Abu Dhabi, the National Children’s hospital in Dublin and the HS2 project in the U.K. Our pipeline also for infrastructure projects is looking increasingly strong and we are pleased with the momentum in both our Enterprise and Infrastructure businesses.”, says Gustave Geisendorf, CEO of Zutec.

For more information, please contact:

Gustave Geisendorf, CEO at Zutec, gustave.geisendorf@zutec.com, +353 1 201 3565

About Zutec
Zutec is a provider of cloud-based construction management software with offices in Dublin, London and Melbourne.

Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).