REG - Serco Group PLC - Contract rebid win at Acacia Prison

SercoAnnouncement

17/12/2020 07:00

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RNS Number : 9276I  Serco Group PLC  17 December 2020

Serco wins rebid at Acacia prison in Western Australia worth up to £790m

 

17 December 2020

Serco Group plc

LEI: 549300PT2CIHYN5GWJ21

 

Serco Group plc ('Serco' or 'the Group'), the international service company,
through its Australian subsidiary, today announces that it has signed a
contract to deliver prison services at Acacia Prison for the Government of
Western Australia for up to 15 years.  The initial 5-year period has an
estimated value of A$445m or approximately £250m.  The contract has
provision for two further 5-year extensions with potential value to Serco over
the full 15 years, including indexation, of approximately A$1.4bn (£790m).

The new contract will commence in May 2021, and transition will start
immediately.  Serco has managed operations at the prison, which is Western
Australia's largest prison and the second largest in Australia, since 2006.
 The largest prison in Australia, Clarence Correctional Centre in New South
Wales, is also managed by Serco.  This new contract was awarded after an open
tender process and for the first time also includes Facilities Maintenance.

Rupert Soames, Serco Group Chief Executive, said: "Acacia prison has been
operated successfully by Serco for 15 years and we are delighted that the
Government of Western Australia has selected us to continue to support them. I
am very proud of the work we have done there, including overseeing several
expansions. Our drive for operational excellence, focusing on rehabilitation
and reintegration, is central to our work at Acacia, and the new contract will
allow us to introduce technology to enhance safety, as well as programs and
partnerships, to help the State achieve its policy of reduced reoffending
whilst keeping the community safe."

 

 

 

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)

 

 

Forward looking statements

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other than statements of historical fact are forward-looking statements.
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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.

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