Business services provider
ABM Industries Incorporated
) recently extended its services at the Heathrow Airport, London,
when one of its operating firms received a contract for
inter-terminal bus services. The deal failed to impress investors
as share prices remained relatively flat at $26.51 as on May 16.
According to the terms of the agreement, Omni Serv, the U.K.
subsidiary of ABM-owned company Air Serv, will partner with London
Heathrow Airport Limited to provide inter-terminal bus services to
connect passengers between the airport's terminals. The five-year
contract is an extension of an earlier contract that Omni Serv
received from the airport authorities for the Passenger Service
Ambassador Program. With these service initiatives, Omni Serv
intends to make passengers feel at home and positively impact the
traveler experience at every touch-point throughout the airport.
Leveraging the expertise of its sister division, ABM Parking
Services, which offers superior shuttle services to travelers in
some of the largest and busiest airports in the U.S., Omni Serv has
created a niche market in the U.K. This has helped it to earn the
confidence of the authorities of the Heathrow Airport and procure
two successive contracts, thereby strengthening its position as one
of the industry-leading service providers across the globe for the
ABM provides engineering, janitorial, parking, and security
services to thousands of commercial, industrial, institutional, and
retail facilities. ABM has developed a platform to deliver an
end-to-end service model to its clients by realigning its
operational structure to an on-site, mobile and on-demand market
The service contracts are likely to improve the long-term growth
prospects and provide high-margin opportunities by enabling it to
better deliver end-to-end services to its clients. The company
further expects to extend its global footprint as well as
strengthen its position in existing markets through both inorganic
and organic growth across industry verticals.
ABM currently holds a Zacks Rank #3 (Hold). Other companies in the
industry that warrant a look include
Green Dot Corporation
), each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
ABM INDUSTRIES (ABM): Free Stock Analysis
GREEN DOT CP-A (GDOT): Free Stock Analysis
NIELSEN NV (NLSN): Free Stock Analysis Report
XOOM CORP (XOOM): Free Stock Analysis Report
To read this article on Zacks.com click here.