SRP16 Nov 2012 07:16
In the AMEAA region, Serco has been selected as preferred bidder for its first
frontline services contract in India, to operate and maintain a new bus service
in the city of Indore. In Australia, whilst it is still not clear at this stage
how the government's new off-shore processing legislation will impact our
immigration services, the number of people in our care has further increased.
Continued strong growth is also being supported by the annualisation of
contracts started in the last year and other expansions in service scope in the
region. As announced on 7 November 2012, Serco has agreed to purchase the
remaining 50% stake in DMS Maritime Pty Ltd from our joint venture partner P&O
Maritime Services. The transaction strengthens Serco's position as a leading
defence services provider in Australia and in the growing marine services
market.
Global Services, Serco's global BPO business, recently signed and commenced
operations for a £170m outsourcing partnership with AEGON UK, the leading life
and pensions company. Other major new contract awards have also been won in the
second half in the travel, utility, media, retail, IT and telecom sectors, as
well as several BPO services for public sector customers. In July, operations
also began for the major new £430m contract with Shop Direct Group. As a
result, Global Services is expected to see particularly strong organic growth
in the second half of the financial year.
No other material events, transactions or impacts on the Group's strong
financial position have taken place since the 30 June 2012 balance sheet date