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Serco wins GBP200 million contract with UK Ministry of Justice

8th Nov 2023 09:02

(Alliance News) - Serco Group PLC on Wednesday said it has won a deal with the UK Ministry of Justice to provide electronic monitoring services in England and Wales.

The Hampshire-based outsourcer said the contract, which will take off in May, is worth GBP200 million for a six-year term.

The value will be upped to GBP275 million if an option to extend the pact by two years is exercised, Serco said.

It added that it 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 includes being the service integrator for the electronic monitoring devices, it said.

Chief Executive Officer Mark Irwin 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."

Shares in Serco were up 0.9% at 145.50 pence each in London on Wednesday morning.

By Sabrina Penty, Alliance News reporter

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