Serco Group PLC Serco wins GBP200m electronic monitoring contract (7087S)
08 Novembre 2023 - 8:00AM
UK Regulatory
TIDMSRP
RNS Number : 7087S
Serco Group PLC
08 November 2023
Serco wins electronic monitoring contract with value of
GBP200m
8 November 2023
Serco brings together the right people, the right technology and
the right partners to create innovative solutions that make a
positive impact and address some of the most urgent and complex
challenges facing governments.
The justice sector is a core area of expertise for our business,
and we are pleased the UK Ministry of Justice (MOJ) has selected
Serco, following a competitive process, to deliver electronic
monitoring services in England and Wales. The contract starts in
May 2024 and has an estimated value of around GBP200m over the
initial six-year term, and GBP275m if options to extend the
contract for a further two one-year terms are exercised. The
mobilisation and transformation of the new contract will begin in
November 2023 with most of these costs being charged to profit as
they are incurred.
Serco will introduce a new data-led, technology-based approach
and will be responsible for delivering f ield services, contact
centre and administrative monitoring services in the installation
and removal of electronic monitoring devices. This will include
being the service integrator for the electronic monitoring devices
and supporting technology, which will be delivered by a separate
provider.
To deliver these services, Serco will make use of our existing
knowledge and capabilities supporting the MOJ as well as experience
serving other governments and the broader justice sector. The new
contract will see an extension of Serco support for the MOJ's
efforts to reduce reoffending, through an expansion of the use of
electronic monitoring enabled by high-quality data capture.
Mark Irwin, Serco Group Chief Executive said: "We are pleased
the Ministry of Justice has selected Serco to deliver these
critical and important operations across England and Wales. Our
innovative data and technology-led approach will be focussed on
supporting the MOJ to make a measurable impact to reduce
reoffending, support rehabilitation and keep communities safe."
Serco - Impact a better future.
Ends
For further information please contact:
Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718
195 074 or email: paul.checketts@serco.com
Marcus De Ville, Head of Media Relations, tel: +44 (0) 7738 898
550 or email: marcus.deville@serco.com
About Serco
Serco is a leading provider of public services. Our customers
are governments or others operating in the public sector. We gain
scale, expertise and diversification by operating internationally
across five sectors and four geographies: Defence, Justice &
Immigration, Transport, Health and Citizen Services, delivered in
UK & Europe, North America, Asia Pacific and the Middle East.
More information can be found at www.serco.com
Forward looking statements
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statement is based after the date of this announcement, or to keep
current any other information contained in this announcement.
Accordingly, undue reliance should not be placed on the
forward-looking statements.
LEI: 549300PT2CIHYN5GWJ21
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