Serco Group PLC SEA re signing MELABS rebid (8077Y)
24 August 2018 - 5:56PM
UK Regulatory
TIDMSRP
RNS Number : 8077Y
Serco Group PLC
24 August 2018
Serco signs AU$135m rebid with Australian Defence Force for
military base support in the Middle East
24 August 2018
Serco Group plc
LEI: 549300PT2CIHYN5GWJ21
Serco Group plc ('Serco' or 'the Group'), the international
service company, has signed a contract with the Australian Defence
Force's Joint Logistics Command to continue providing Middle East
Logistics and Base Support Services (MELABS). Serco has been
supporting the Australian Defence Force (ADF) in the Middle East
under the existing MELABS contract since 2011. This new contract,
starting in January 2019, has a three-year base period with two
individual option years and a total value, based upon assumed
volumes, of approximately AU$135m (equivalent to approximately
GBP75m) if all option years are exercised.
Under the new MELABS contract, Serco will provide 21 service
lines, including catering, waste disposal, facilities and ground
maintenance, laundry, transport management, procurement and welfare
services in support of ADF bases primarily in the United Arab
Emirates.
Serco's operational solution for the new MELABS contract was
developed on a ground-up basis using our experience in meeting the
high service standards required in the existing contract, and our
understanding of the unique challenges of delivering these services
in the Middle East region including the need to be both flexible
and scalable in response to the ADF's operational tempo. The
services delivered will draw on the experience and expertise of
Serco's business in Australia supporting the ADF, and our business
in the Middle East where Serco has 70 years of continuous
experience delivering services.
Serco's solution will deliver cost efficiencies and an improved
service experience tailored to support the needs of ADF personnel
deployed to the Middle East, using expanded shared services, better
utilisation of technology, and improvements to support morale and
wellbeing of ADF personnel.
Rupert Soames, Serco Group Chief Executive, said: "We are
extremely pleased to be selected to continue this work in support
of the Australian Defence Force in the Middle East. Serco's
successful rebid for this contract is based on our exemplary track
record of delivery on the existing contract, experience of
delivering defence services for customers both in Australia and
internationally, as well as our 70-years' experience of providing
services in the Middle East. We look forward to supporting our
customer and meeting our commitments to deliver cost efficiencies
and service improvements under this new contract."
Ends
For further information please contact:
Stuart Ford, Head of Investor Relations T +44 (0) 7738 894
788
or for media enquiries
James Isola, Maitland, T +44 (0) 7841 982 020
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", "should", "will", "aspire", "aim", "plan",
"target", "goal", "ambition" 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; and
cyber-attacks. 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.
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END
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