Serco wins £200m UK govt electronic monitoring contract

UK government contractor Serco said it had won a £200m contract to deliver electronic monitoring services for the Ministry of Justice.

The contract starts in May 2024 and will run for six-years. The value could rise to £275m if options to extend the contract for a further two one-year terms are exercised, Serco said on Wednesday.

Reporting by Frank Prenesti for Sharecast.com