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Serco Group plc (Serco), the international services company, has signed an agreement to dispose of the majority of its operations in Germany in a transaction with its local management team. With effect from 29 June 2012, the operations were transferred in return for net nil cash consideration.
Further to the announcement of 23 May 2012, Serco Group plc (Serco), the international services company, announces today that it has completed the transaction with AMEC plc for the sale of Serco's Technical Services (TS) business for cash consideration of £137m.
Ahead of Serco's half year end on 30 June 2012, we will be holding our customary pre-close meetings with analysts over the coming days. No new material information will be disclosed. The Group remains on track to meet expectations for 2012: we continue to expect another year of strong total revenue growth, including further good organic growth, together with an Adjusted operating margin increase similar to 2011.
Serco Group plc (Serco), the international services company, today announces that it has acquired Vertex Public Sector Limited, the UK public sector operations of Vertex Data Science Limited, for cash consideration of £55.5m. The acquisition brings additional skills and capabilities to support expansion into new areas of middle and back office support and adds further scale to our recently created Global Services division.
Serco, the FTSE 100 international service company today announced the appointment of Tom Riall as Chief Executive of its newly formed Global Services business, with immediate effect. Susir Kumar will take over as Executive Chairman of Serco's Global Services Division.
Serco today announces that its US business has received one of eight awards on a new Multiple Award Contract (MAC) supporting SPAWAR Systems Center (SSC) Atlantic with integrated Command and Control (C2) engineering and technical support services for command centers. This MAC has a ceiling value of $145 million over a one-year base period and two one-year options periods, if all options are exercised.
AWE, managed and operated by Serco and its joint venture partners Lockheed Martin and Jacobs Engineering Group Inc. on behalf of the MOD has cemented its crucial role in nuclear deterrence by hosting a new, state-of-the art nuclear forensics laboratory, which was officially opened by MP James Brokenshire.
Serco has welcomed the decision at the Court of Session today (Tuesday 29 May 2012) to overturn the suspension of the Northern Isles Ferry Service Contract Award. This confirms Serco as the operator of the Northern Isles Ferry Service from 5 July and allows Serco to publish its operational plans.
Serco, the international service company has signed a 12 month contract with general insurance giant esure, which owns the Sheilas' Wheels brand, to manage sales and service enquiries at its contact centre on Quay Street in Manchester. Serco will provide approximately 50 advisers, including experienced personnel from its existing operations in Manchester, to work closely alongside esure's own staff. They will be supported by a Serco management team.
Serco Group plc (Serco), the international services company, announces today that it is in discussion with Amec plc regarding the potential disposal of Serco's Technical Consulting Services (TCS) business. TCS provides consulting and project solutions primarily to the UK civil and defence nuclear markets, and has annual revenues of approximately £70m.
A new "underground‟ local partnership is helping to make the new Southern Queensland Correctional Centre (SQCC) the greenest prison in the State.
Instead of putting it in landfill, prison operator Serco is sending its compostable waste to be gobbled up by the worms at Eco Valley Worm Farm. The worms love it all, even the prison‟s biodegradable cornstarch food containers.
Smaller and medium-sized contract wins are fundamental to Serco's growth and value creation; in addition to larger wins, this release updates on a broad selection of signed contracts and preferred bidder appointments so far in 2012.
Ahead of its Annual General Meeting today, Serco Group plc (Serco), the international service company, is issuing the following Interim Management Statement covering performance since 1 January 2012. The Group is on track to meet expectations for 2012: we continue to expect another year of strong total revenue growth, including further good organic growth, together with an Adjusted operating margin increase similar to 2011.
Serco Group plc (Serco), the international service company, announces today that the arrangements for the next pricing period regarding the Atomic Weapons Establishment (AWE) contract have been successfully concluded. The agreement has been reached with the UK Ministry of Defence (MOD) by Serco and its joint venture partners Lockheed Martin and Jacobs Engineering Group Inc. with whom we manage and operate AWE on behalf of the MOD.
Serco Group plc (Serco), the international service company, announces that it has reached an agreement and expects to sign today a significant new Business Process Outsourcing (BPO) contract to provide and enhance the efficiency of customer contact services for Shop Direct Group (Shop Direct), the UK's leading online and home shopping retailer. The ten-year contract will start on 1 July 2012 and has a total estimated value to Serco of approximately £430m.
Serco is one of the key sponsors of The Dallaglio Flintoff Cycle Slam - a 2,872km cycling ride across Europe - aiming to raise £2m for charity.
Serco Group plc (Serco), the international service company, announces today, that it has been selected as preferred bidder by Transport Scotland for a new contract to deliver lifeline ferry services to the Northern Isles. The contract, which is expected to be signed in the coming months and is due to start in Summer 2012, has a total estimated value of approximately £350m over six years.
Serco, one of the founder sponsors of The Bloodhound Project, has teamed up with Glasgow's Riverside Museum to provide local residents and visitors to the city with their first opportunity to see the Bloodhound supersonic car which will be attempting to set a new land speed record in excess of 1,000mph. A full size replica of this pioneering jet and rocket propelled car is visiting the museum from 26-28 April, with the first two days devoted to activities and workshops to inspire youngsters from visiting schools from all over Scotland.
The Board of Serco Group plc (Serco) is pleased to announce the following appointments. Joanne Roberts, currently Company Secretary, has been appointed to the role of Commercial and Finance Director in Serco's newly created UK and Europe division. John Hickey, currently Serco's Tax and Treasury Director, will become Company Secretary effective from 15 May 2012, following Serco's Annual General Meeting.
Mansfield District Council has today confirmed Serco, the international service company, will manage its leisure centres as Managing Agent to the Mansfield District Leisure Trust, following a comprehensive and highly competitive procurement process.