Tillkännagivande • Apr 24
Serco Group plc Approves Final Dividend Serco Group plc at its AGM held on April 22, 2026, approved to declare the Final Dividend of 3.05 pence per. Tillkännagivande • Mar 18
Serco Group plc, Annual General Meeting, Apr 22, 2026 Serco Group plc, Annual General Meeting, Apr 22, 2026. Location: the offices of clifford chance llp, 10 upper bank street, e14 5jj, london United Kingdom Tillkännagivande • Jan 07
Serco Group plc Announces Termination of John Frederick Rishton As Director, Effective December 31, 2025 Serco Group plc announced the termination of John Frederick Rishton As Director, Effective December 31, 2025. Tillkännagivande • Sep 24
Serco Group plc Announces CEO Changes for North American Division Serco Group Plc announced the appointment of Michael LaRouche as Chief Executive Officer for the North American division, effective October 1, 2025. He will be succeeding Tom Watson. Prior to joining Serco, LaRouche was Business President at Science Applications International Corp. and also held leadership positions at Lockheed Martin and Raytheon Co. LaRouche carries over 30 years of experience with proven leadership to space/ground, air, land, sea, and cyber customers which are highly relevant to Serco's strategy and growth. He has also delivered systems, products, and services across US Defence and Federal/Civilian Agencies. Declared Dividend • Aug 18
First half dividend of UK£0.015 announced Shareholders will receive a dividend of UK£0.015. Ex-date: 28th August 2025 Payment date: 3rd October 2025 Dividend yield will be 1.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (90.1% earnings payout ratio). However, it is well covered by cash flows (11% cash payout ratio). The dividend has increased by an average of 31% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 126% over the next 3 years, which should maintain adequate earnings cover for the dividend. Tillkännagivande • Jul 31
Serco Group plc to Report First Half, 2026 Results on Aug 06, 2026 Serco Group plc announced that they will report first half, 2026 results on Aug 06, 2026 Tillkännagivande • May 27
Serco Group plc Updates Earnings Guidance for the Year 2025 Serco Group plc updated earnings guidance for the year 2025. For the year, the company expects revenue of around £4.8 billon and Underlying operating profit of £260 million. Tillkännagivande • Mar 21
Serco Group plc, Annual General Meeting, Apr 24, 2025 Serco Group plc, Annual General Meeting, Apr 24, 2025. Location: the offices of clifford chance llp, 10 upper bank street, e14 5jj, london United Kingdom Tillkännagivande • Jan 13
Serco Group plc Announces CEO Changes Serco announced the retirement of Mark Irwin and the appointment of Anthony Kirby as Group Chief Executive designate. After 12 years with Serco, Mark Irwin has advised the Board of his intention to retire as Group Chief Executive. Mark will step down from his role on 28 February 2025 and will continue to serve as a strategic adviser through a transition period. Anthony Kirby, currently CEO of UK & Europe, the Group's largest division, will succeed Mark as Group Chief Executive from 1 March 2025. Tillkännagivande • Dec 19
Serco Group plc Provides Earnings Guidance for the Year 2025 Serco Group plc provided earnings guidance for the year 2025. For the year, the company expects revenue of around £4.8 billon. Buy Or Sell Opportunity • Sep 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.9% to €2.04. The fair value is estimated to be €2.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 5.2% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Upcoming Dividend • Aug 22
Upcoming dividend of UK£0.013 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.2%). Declared Dividend • Aug 04
First half dividend of UK£0.013 announced Shareholders will receive a dividend of UK£0.013. Ex-date: 29th August 2024 Payment date: 4th October 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Aug 02
Now 20% undervalued Over the last 90 days, the stock has risen 6.5% to €2.28. The fair value is estimated to be €2.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 5.8% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Tillkännagivande • Aug 02
Serco Group plc Declares an Interim Dividend, Payable 4 October 2024 Serco Group plc declared an interim dividend of 1.34 pence per share. The interim dividend will be paid on 4 October 2024, with an ex-dividend date of 29 August 2024 and a record date of 30 August 2024. New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.9% Last year net profit margin: 4.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.9% net profit margin). Tillkännagivande • Aug 02
Serco Group plc Reaffirms Earnings Guidance for the Year 2024 Serco Group plc reaffirmed earnings guidance for the year 2024. For the year, the company expects revenue of at least GBP ~£4.8 billion, unchanged from the guidance provided on 27 June 2024. Tillkännagivande • Apr 27
Serco Group plc Approves Final Dividend Serco Group plc announced the results of its Annual General Meeting (AGM) held on 24 April 2024 approved The Final Dividend of 2.27 pence per share. Recent Insider Transactions • Apr 15
Group Chief Executive & Director recently sold €611k worth of stock On the 8th of April, Mark Irwin sold around 282k shares on-market at roughly €2.17 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Upcoming Dividend • Apr 11
Upcoming dividend of UK£0.023 per share Eligible shareholders must have bought the stock before 18 April 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.0%). Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: UK£0.18 (vs UK£0.13 in FY 2022) Full year 2023 results: EPS: UK£0.18 (up from UK£0.13 in FY 2022). Revenue: UK£4.87b (up 7.5% from FY 2022). Net income: UK£202.4m (up 30% from FY 2022). Profit margin: 4.2% (up from 3.4% in FY 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 01
Serco Group plc (LSE:SRP) announces an Equity Buyback for £140 million worth of its shares. Serco Group plc (LSE:SRP) announces a share repurchase program. Under the program company will repurchase up to £140 million worth of its shares. The purpose of the program is to return surplus capital to shareholders and aid the Group in meeting its medium-term leverage targets. Any shares repurchased under the program will either be cancelled or held in treasury. The repurchase program will complete by December 31, 2024. Tillkännagivande • Jan 12
Serco Group plc to Report Fiscal Year 2025 Results on Mar 05, 2026 Serco Group plc announced that they will report fiscal year 2025 results on Mar 05, 2026 Tillkännagivande • Dec 19
Serco Group plc to Report Fiscal Year 2023 Results on Feb 09, 2024 Serco Group plc announced that they will report fiscal year 2023 results on Feb 09, 2024 Tillkännagivande • Dec 14
Serco Group plc (LSE:SRP) agreed to acquire European Homecare Gesellschaft Mit BeschrÄNkter Haftung from Korte-Stiftung for €40 million. Serco Group plc (LSE:SRP) agreed to acquire European Homecare Gesellschaft Mit BeschrÄNkter Haftung from Korte-Stiftung for €40 million on December 14, 2023. Completion of the acquisition is subject to competition authority clearance. Tillkännagivande • Dec 07
Serco Group plc Appoints Lynne Peacock as Non-Executive Director Serco Group plc notified that Lynne Peacock, Senior Independent Director, appointed as a Non-Executive Director and Deputy Chair of Royal London with effect from 5 December 2023. Tillkännagivande • Oct 26
Serco Group plc Announces Appointment of Andrew Head as Chief Executive Officer Serco Group plc announced appointment of Andrew Head as Chief Executive Officer. Andrew is an experienced leader whose background aligns well with Serco, having worked in both the government and private sectors. Most recently he spent 20 years at Transurban. In that period, he oversaw several key businesses, led a number of acquisitions and finished his tenure with five years as WestConnex CEO, where his team successfully delivered Australia's road infrastructure project. Tillkännagivande • Sep 16
Serco Group plc Announces Executive Changes Serco Group plc announced that Nickesha Graham-Burrell has been appointed as Group Company Secretary with effect from 15 September 2023. David Eveleigh has served as Group General Counsel and Company Secretary and will continue as Group General Counsel with responsibility for the Company Secretariat function alongside his other responsibilities. Upcoming Dividend • Aug 31
Upcoming dividend of UK£0.011 per share at 2.0% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.5%). New Risk • Aug 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 03
First half 2023 earnings released: EPS: UK£0.13 (vs UK£0.075 in 1H 2022) First half 2023 results: EPS: UK£0.13 (up from UK£0.075 in 1H 2022). Revenue: UK£2.47b (up 14% from 1H 2022). Net income: UK£147.6m (up 62% from 1H 2022). Profit margin: 6.0% (up from 4.2% in 1H 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 29
Serco Group plc Provides Revenue Guidance for the Year 2023 Serco Group plc provided revenue guidance for the year 2023. For the year, the company expects revenue of at least GBP 4.8 billion. Upcoming Dividend • May 04
Upcoming dividend of UK£0.019 per share at 1.9% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%). Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: UK£0.13 (vs UK£0.25 in FY 2021) Full year 2022 results: EPS: UK£0.13 (down from UK£0.25 in FY 2021). Revenue: UK£4.53b (up 2.5% from FY 2021). Net income: UK£155.4m (down 49% from FY 2021). Profit margin: 3.4% (down from 6.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Jan 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Director Mark Irwin was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 15
Serco Group plc Provides Revenue Guidance for the Full Year of 2022 Serco Group plc provided revenue guidance for the full year of 2022. For the year, company now expect reported revenue of £4.5 billion. Tillkännagivande • Dec 07
Serco Group plc to Report First Half, 2023 Results on Aug 03, 2023 Serco Group plc announced that they will report first half, 2023 results on Aug 03, 2023 Recent Insider Transactions • Nov 30
Group CEO & Executive Director recently sold €3.7m worth of stock On the 24th of November, Rupert Soames sold around 2m shares on-market at roughly €1.98 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Rupert has been a net seller over the last 12 months, reducing personal holdings by €7.2m. Recent Insider Transactions • Nov 16
Group CEO & Executive Director recently sold €3.5m worth of stock On the 7th of November, Rupert Soames sold around 2m shares on-market at roughly €1.86 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Rupert's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 10
Group CEO & Executive Director recently sold €3.5m worth of stock On the 7th of November, Rupert Soames sold around 2m shares on-market at roughly €1.86 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Rupert's only on-market trade for the last 12 months. Tillkännagivande • Sep 28
Serco Group plc to Report Fiscal Year 2022 Results on Feb 23, 2023 Serco Group plc announced that they will report fiscal year 2022 results on Feb 23, 2023 Tillkännagivande • Sep 03
Serco Group plc (LSE:SRP) acquired ORS Service AG from Equistone Partners Europe Fund IV managed by Equistone Partners Europe for CHF 44 million. Serco Group plc (LSE:SRP) acquired ORS Service AG from Equistone Partners Europe Fund IV managed by Equistone Partners Europe for CHF 44 million on September 1, 2022. In the year ending on December 31, 2021, ORS's revenue was CHF 110 million. KPMG AG, Schweiz, Corporate Finance Division acted as financial advisor and VISCHER AG acted as legal advisor to Equistone.
Serco Group plc (LSE:SRP) completed the acquisition of ORS Service AG from Equistone Partners Europe Fund IV managed by Equistone Partners Europe on September 1, 2022. Tillkännagivande • Sep 02
Serco Group plc (LSE:SRP) agreed to acquire OX Holding AG from Equistone Partners Europe for CHF 44 million. Serco Group plc (LSE:SRP) agreed to acquire OX Holding AG from Equistone Partners Europe for CHF 44 million on September 1, 2022. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£235.1m from profit in 1H 2021). Profit margin: (down from 11% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to stay flat compared to a 6.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 13
Serco Appoints Tom Watson as New CEO in North America Serco announces the appointment of Tom Watson as Chief Executive Officer (CEO) of Serco's North American division, which employs more than 9,000 people and delivers a wide range of services to the U.S. and Canadian governments. He will succeed Dave Dacquino, who will be retiring from his full-time executive role in September and will continue to serve as non-executive Chair of the company's Board of Directors in North America. Tom Watson joined Serco in April 2018 and steps into the CEO role from his position as Senior Vice President responsible for Serco's North America Defense business. He brings over 25 years of experience in providing services to the U.S. Federal Government. Prior to joining Serco, he served as Senior Vice President and General Manager of SAIC's Navy and Marine Corps Customer Group. Before joining SAIC in 1996, Watson worked at RCI (which was subsequently acquired by Serco) providing technical and engineering support for U.S. Navy intelligence systems. His career also includes six years active duty in the U.S. Navy as an electronics technician; he holds an MBA from University of Maryland and a BS in Information Technology from National University. Recent Insider Transactions • Jun 13
Group Chief Operating Officer recently sold €242k worth of stock On the 7th of June, Anthony Kirby sold around 115k shares on-market at roughly €2.11 per share. This was the largest sale by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 15% share price gain to €2.06, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.72 per share. Tillkännagivande • May 27
Serco Group plc Provides Revenue Guidance for the Full Year of 2022 Serco Group plc provided revenue guidance for the full year of 2022. For the year, company now expect reported revenue of £4.3 billion - £4.4 billion. Upcoming Dividend • May 05
Upcoming dividend of UK£0.016 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 9.7% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (2.8%). Tillkännagivande • Mar 23
Serco Group plc, Annual General Meeting, Apr 28, 2022 Serco Group plc, Annual General Meeting, Apr 28, 2022, at 10:00 Coordinated Universal Time. Location: Enterprise House, 11 Bartley Wood Business Park, Bartley Way Hook Hampshire United Kingdom Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£0.25 (up from UK£0.11 in FY 2020). Revenue: UK£4.42b (up 14% from FY 2020). Net income: UK£303.9m (up 127% from FY 2020). Profit margin: 6.9% (up from 3.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 5.4% compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 06
First half 2021 earnings released: EPS UK£0.19 (vs UK£0.057 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£2.17b (up 19% from 1H 2020). Net income: UK£235.1m (up 234% from 1H 2020). Profit margin: 11% (up from 3.9% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 01
Serco Group plc Provides Revenue Guidance for the First Half, Second Half and Full Year of 2021 Serco Group plc provided revenue guidance for the first half, second half and full year of 2021. For the first half, The company expects revenue of around £2.2 billion in the first half of 2021, 19% higher than the £1.8 billion reported in the first half of 2020.
For the second half of 2021, The company expects revenue to show growth in the second half versus the same period in 2020.
For the year 2021, the company now expects revenue of £4.3 billion from previous guidance of £4.3 billion. Upcoming Dividend • May 06
Upcoming dividend of UK£0.014 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 04 June 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.5%). Executive Departure • May 04
Group CFO & Executive Director has left the company On the 21st of April, Angus Cockburn's tenure as Group CFO & Executive Director ended after 6.5 years in the role. As of December 2020, Angus personally held 1.90m shares (€2.5m worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Apr 27
Independent Chairman of the Board Roy Gardner has left the company On the 21st of April, Roy Gardner's tenure as Independent Chairman of the Board ended after 5.9 years in the role. As of December 2020, Roy personally held 225.00k shares (€301k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Apr 24
Group CFO & Executive Director has left the company On the 22nd of April, Angus Cockburn's tenure as Group CFO & Executive Director ended after 6.5 years in the role. As of December 2020, Angus personally held 1.90m shares (€2.5m worth at the time). A total of 2 executives have left over the last 12 months. Tillkännagivande • Mar 19
Serco Group plc, Annual General Meeting, Apr 21, 2021 Serco Group plc, Annual General Meeting, Apr 21, 2021, at 14:00 Coordinated Universal Time. Location: Enterprise House, 11 Bartley Wood Business Park, Bartley Way Hook Hampshire United Kingdom Agenda: To receive the annual report and accounts for the year ended 31 December 2020; to approve the directors' remuneration report for the year ended 31 December 2020 as set out on pages 105 to 133 (save for the directors' remuneration policy) of the annual report and accounts; to approve the directors' remuneration policy set out on pages 112 to 118 of the annual report and accounts; to declare a final dividend of 1.4 pence per ordinary share for the financial year ended 31 December 2020; to consider election and re-election of directors; to consider appointment and remuneration of auditor; and to consider other matters. Tillkännagivande • Mar 11
Serco Group plc to Report Fiscal Year 2020 Final Results on Mar 10, 2021 Serco Group plc announced that they will report fiscal year 2020 final results on Mar 10, 2021 Reported Earnings • Feb 26
Full year 2020 earnings released: EPS UK£0.11 (vs UK£0.043 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£3.88b (up 20% from FY 2019). Net income: UK£133.8m (up 166% from FY 2019). Profit margin: 3.4% (up from 1.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 7.1%, compared to a 10% growth forecast for the Commercial Services industry in Germany. Is New 90 Day High Low • Feb 26
New 90-day high: €1.62 The company is up 24% from its price of €1.31 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.48 per share. Tillkännagivande • Feb 23
Serco Group plc to Report First Half, 2021 Results on Aug 05, 2021 Serco Group plc announced that they will report first half, 2021 results on Aug 05, 2021 Tillkännagivande • Feb 18
Serco Group plc (LSE:SRP) agreed to acquire Whitney, Bradley and Brown, Inc from H.I.G. Capital, LLC for approximately $300 million Serco Group plc (LSE:SRP) agreed to acquire Whitney, Bradley and Brown, Inc("WBB") from H.I.G. Capital, LLC for approximately $300 million on February 16, 2021. The consideration will be paid in cash funded through existing debt facilities. The WBB's team will join Serco. The transaction is subject to regulatory approvals. The transaction is expected to complete in the second quarter of 2021. The acquisition will be immediately accretive to Serco's margins and earnings per share. In 2020, Whitney, Bradley and Brown, Inc generated revenue of $212 million, and its EBITDA was $29 million. Tillkännagivande • Jan 13
Serco Group plc Announces Changes to Its Board Serco Group plc announced that Tim Lodge has been appointed as a Non-Executive Director of Serco and a member of the Group Audit, Group Risk and Remuneration Committees with effect from 21 February 2021. He will replace John Rishton as chair of the Audit Committee when John Rishton succeeds Sir Roy Gardner as chair of the company on 21 April 2021. Tillkännagivande • Dec 18
Serco Group plc announces Executive Changes Serco Group plc ('Serco' or 'the Group') announced that, having served 21 years as a public-company CFO, six of them at Serco, Angus Cockburn, Group Chief Financial Officer, has informed the Board of his wish to retire from full-time executive life, and focus on further developing his non-executive portfolio. It has therefore been agreed that Angus will step down from the Board at the AGM in April 2021 and will be succeeded as Group Chief Financial Officer by Nigel Crossley, currently Group Director of Finance, who will join the Board on the same date. Nigel has worked for Serco since 2014 and he has been at the centre of the transformation of Serco and supported Angus in restoring the reputation and financial stability of the Group. Prior to joining Serco, Nigel held senior finance roles at EMI, RHM plc and Procter & Gamble. 
