REG - Serco Group PLC - Acquisition of ORS

SercoAnnouncement

01/09/2022 07:00

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RNS Number : 8481X  Serco Group PLC  01 September 2022

Acquisition of ORS, a leading European immigration services company

 

1 September 2022

 

Serco, the international supplier of services to governments, announces that
it has acquired ORS, a specialist provider of immigration services to public
sector customers in Switzerland, Germany, Austria and Italy.

 

The business is to be acquired for a total consideration of up to CHF44m
(£39m).  ORS's revenue for the year ended 31 December 2021 was CHF110m
(£97m).

 

ORS is a Swiss-based provider of immigration services in several European
countries, with a 30-year track record across the asylum and immigration
process from initial country reception to orientation, care, community
integration and repatriation.  Its 2,000 employees and experienced management
team will both add scale to our European operations and provide reach and
capability to Serco's position in immigration services, which is already one
of our core sectors with large operations in the UK and Australia.

 

Commenting on the acquisition, Rupert Soames, Serco Group Chief Executive,
said: "We have a deep expertise in providing immigration services with care
and respect.  This strategic acquisition will enable us to work with and
support government customers across Europe who have a continuous and growing
requirement for immigration and asylum seeker support services.  The
acquisition will also support our objective of strengthening our European
business, roughly doubling its size and increasing the range of services
provided."

 

 

NB: The consideration and revenue above are converted to pounds using the
GBP:CHF exchange rate as at 31 August of 1.135.

 

Ends

 

For further information please contact:

Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or
email: paul.checketts@serco.com (mailto:paul.checketts@serco.com)

Marcus De Ville, Head of Media Relations; tel +44 (0) 7738 898 550 or email:
marcus.deville@serco.com (mailto: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 (http://www.serco.com)

 

LEI code: 549300PT2CIHYN5GWJ21

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