Serco Group has announced it is to retain its Environmental Services and Leisure businesses following the disposal of its offshore private sector business process outsourcing (BPO) operations and a review that reverses the group's previous position on the subsidiaries.
In an announcement yesterday, the support services company stated: "for both strategic and financial reasons, the interests of the Group will be best served by retaining these businesses within the portfolio. In common with the rest of the Group, they provide frontline services to public sector customers. In particular, they serve Local Authorities in the UK, to whom we provide a number of other services and we feel that there is real merit in retaining a broad offering to these important customers. Furthermore, the Environmental Services and Leisure businesses have continued to perform well both financially and operationally, and have a strong pipeline of opportunities".
