in ,

Cubic Buys Serco“™s U.K. Transport, Maintenance Divisions for $70M; Ed Casey Comments

Cubic Buys Serco“™s U.K. Transport, Maintenance Divisions for $70M; Ed Casey Comments - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

Ed Casey - Serco, ExecutiveMosaicCubic has acquired Serco‘s U.K. transport technology and London streets maintenance businesses for approximately $70.3 million, the Wall Street Journal reported Wednesday.

Rory Gallivan writes the international service company sold the units because of foreseen compatibility issues that future profits will bring to Serco’s other transport-related assets.

“In the U.K., these particular maintenance and technology operations had become non-core to the future development of our transportation strategy,” said Ed Casey, acting chief executive at Serco.

 “Transport continues to be a key market for Serco in which we are bidding for a number of major new transport contracts,” said David Stretch, Serco partnership director for transport.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Admin

SpiderCloud Wireless, Tango Networks Partner on Small Cell System Project; Michael Gallgher Comments - top government contractors - best government contracting event
SpiderCloud Wireless, Tango Networks Partner on Small Cell System Project; Michael Gallgher Comments
Iridium Concludes Satellite Network System Design Review; Scott Smith Comments - top government contractors - best government contracting event
Iridium Concludes Satellite Network System Design Review; Scott Smith Comments