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Investegate |Serco Group PLC Announcements | Serco Group PLC: Acquisition of leading US defence business

  Serco Group plc ( Serco or the Group ) has agreed to acquire Whitney, Bradley & Brown Inc (WBB), a leading provider of advisory, engineering and technical services to the US Military, for $295m from an affiliate of H.I.G. Capital.  The acquisition will increase the scale, breadth and capability of Serco s North American defence business and will give Serco a strong platform from which to address all major segments of the US defence services market.  The acquisition will be immediately accretive to earnings and will be funded through existing debt facilities; it is expected to complete in the second quarter of 2021, subject to regulatory approvals.

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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 , could , should , will , aspire , aim , plan , target , goal , ambition , intend and similar expressions identify forward looking-statements.  By their nature, these forward-looking stat

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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 , could , should , will , aspire , aim , plan , target , goal , ambition , intend and similar expressions identify forward looking-statements.  By their nature, these forward-looking stat

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