ToolWatch Enterprise to Track Tools, Equipment, Other Assets in London Thames Tunnel Project

DENVER, March 5, 2012 /PRNewswire/ --

- Enterprise tool management leader partners with Hochtief/Murphy for $306 million Crossrail construction award

ToolWatch Corporation will implement the full ToolWatch Enterprise suite on the London Crossrail C-310 Thames Tunnel contract. The $306 million contract is part of the $22.5 billion London Crossrail project that will connect the east and west London rail routes. The project will use the Enterprise suite to track heavy equipment, machinery (or plant), vehicles and tools, as well as monitor equipment servicing schedules and fuel consumption.

Hochtief/Murphy, a joint venture between worldwide construction giant Hochtief Solutions and U.K.-based civil engineering firm J Murphy & Sons Limited, is the principal contractor on the project. Hochtief/Murphy selected ToolWatch after conducting an extensive global search for a solution that best fit its diverse needs, including comprehensive tool and equipment tracking and management features, real-time access at anytime from anywhere, and a secure, centralized database.

"The Crossrail project is the largest construction project currently under way in Europe and the U.K., and the scope of the Thames Tunnel contract demands that we have the capability to keep strict control over every item, from small to large, accurately and instantaneously. ToolWatch Enterprise will give us the macro- and micro-level knowledge we need to keep the project on track and on budget," said Martin Edwards, Plant and Senior Office Manager of the Thames Tunnel project for Hochtief/Murphy.

When completed in 2018, Crossrail will connect 37 rail stations, including Heathrow airport, and is estimated to serve more than 200 million passengers per year. The 2.6 kilometer Thames Tunnel project will connect the district of Plumstead to North Woolwich and link the existing North Kent rail line to Crossrail.

"We are happy to be working with Hochtief/Murphy, and we are proud of ToolWatch's key role on the Crossrail Thames Tunnel contract," said Don Kafka, ToolWatch president. "This is the single largest project ToolWatch has undertaken in the U.K. to date, and we hope it has opened the doors to other joint venture partnerships with Hochtief/Murphy and future projects in the U.K."

About Hochtief/Murphy Joint Venture

The joint venture between the German-based Hochtief Solutions AG, the eighth largest construction company in the world, and U.K.-based J Murphy & Sons Limited began in 2011 when awarded the C-310 Thames Tunnel contract, one of 15 sub-projects within the massive Crossrail project. Hochtief/Murphy is constructing two tunnels and portal structures with a total length of around 2.6 kilometers in southeast London. The $306 million Thames Tunnel contract is scheduled for completion in the second quarter of 2015.

About Crossrail

Crossrail is the largest engineering project in Europe. When it opens in 2018, Crossrail will make travelling across London and beyond easier and quicker. It will connect 37 stations, including Heathrow airport and Maidenhead in the west to Abbey Wood and Shenfield in the east. For more information about Crossrail, visit http://www.crossrail.co.uk.

About ToolWatch

For more than 20 years ToolWatch has helped construction companies manage tools, equipment, materials and consumables. More than 4,000 organizations in 20 countries use ToolWatch. Easy to use and delivered through the cloud, ToolWatch Enterprise uses one centralized database to securely store critical information on all warehouse and field operation assets. For more information about ToolWatch, visit http://www.toolwatch.com.