Serco wins £200m electronic monitoring contract

Serco Group PLC

08 November 2023

 

Serco wins electronic monitoring contract with value of £200m

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 £200m over the initial six-year term, and £275m 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 field 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.

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For further information please contact:

Paul Checketts, Head of Investor Relations, tel: [phone] or email: [e-mail]

Marcus De Ville, Head of Media Relations, tel: [phone] or email: [e-mail]

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

This announcement contains statements which are, or may be deemed to be, "forward-looking statements" which are prospective in nature.  All statements other than statements of historical fact are forward-looking statements.  Generally, words such as "expect", "anticipate", "may", "could", "should", "will", "aspire", "aim", "plan", "target", "goal", "ambition", "intend" and similar expressions identify forward looking-statements.  By their nature, these forward-looking statements are subject to a number of known and unknown risks, uncertainties and contingencies, and actual results and events could differ materially from those currently being anticipated as reflected in such statements.  Factors which may cause future outcomes to differ from those foreseen or implied in forward-looking statements include, but are not limited to: general economic conditions and business conditions in Serco's markets; contracts awarded to Serco; customers' acceptance of Serco's products and services; operational problems; the actions of competitors, trading partners, creditors, rating agencies and others; the success or otherwise of partnering; changes in laws and governmental regulations; regulatory or legal actions, including the types of enforcement action pursued and the nature of remedies sought or imposed; the receipt of relevant third party and/or regulatory approvals; exchange rate fluctuations; the development and use of new technology; changes in public expectations and other changes to business conditions; wars and acts of terrorism; cyber-attacks; and pandemics, epidemics or natural disasters.  Many of these factors are beyond Serco's control or influence.  These forward-looking statements speak only as of the date of this announcement and have not been audited or otherwise independently verified.  Past performance should not be taken as an indication or guarantee of future results and no representation or warranty, express or implied, is made regarding future performance.  Except as required by any applicable law or regulation, Serco expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained in this announcement to reflect any change in Serco's expectations or any change in events, conditions or circumstances on which any such 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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