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Service Stream Limited (ASX:SSM)

ALERT: Price-sensitive ASX Announcement for SSM
Current share price for SSM : $2.470 -0.06 (-2.37%)+
Announcement
Release
20 Aug 2026 11:11AM
Price at Release
$2.530
Full Release
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Summary
Service Stream Limited announced the securing of two significant contracts with Transport for Victoria, valued at $144 million. These contracts, which cover the Victoria West ITS Maintenance and the Motorway Communications Network, have an initial five-year term with potential extensions. The scope of work involves various maintenance services such as program management, asset monitoring, and network operations support. Set to commence in Q4 2026, these contracts significantly bolster Service Stream's maintenance portfolio and reinforce its stature in providing essential network services.
Key Points
  • Service Stream Limited secured two contracts with Transport for Victoria.
  • Contracts are valued at $144 million over initial terms.
  • Includes Victoria West ITS Maintenance Contract and Motorway Communications Network Contract.
  • Each contract has an initial five-year term with two two-year extension options.
  • Service Stream to provide routine and reactive maintenance services.
  • Services include program management, asset monitoring, inspections, and network operations support.
  • Contracts expected to commence in Q4 2026.
  • Reinforces Service Stream’s position in transport technology and network maintenance services.
  • Enhances Group’s maintenance portfolio and annuity-style revenues.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.