Wincanton PLC (WIN.LN) an European supply chain solutions provider, in partnership with Serco, said Thursday that they have been awarded a contract with the Ministry of Justice to provide Prisoner Escort and Custody Services for London and the East of England.

MAIN FACTS:

-The full contract value is GBP42 million per annum with Wincanton providing services to support the efficient delivery of the contract for Serco.

-The initial contract will run for seven years with options to extend by a further three years thereafter.

-Wincanton will provide logistical support to Serco for the secure transportation of prisoners between HM Prisons, police stations and Courts across the South East of England.

-Under the arrangement Serco will manage the day to day operations, employing the specialist crews or Prison Custody Officers and supplying the key management systems.

-Wincanton will be responsible for providing logistical expertise across key functions including the provision and maintenance of the specialist fleet, activity scheduling and vehicle tracking, as well as providing driver training and fleet management systems.

-Wincanton shares closed Wednesday at GBP1.19, valuing the company at GBP144.86 milllion.

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com
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