Wincanton, Serco Enter Joint Venture To Escort Prisoners

8th Jun 2010 08:03

LONDON (Dow Jones)--Haulier Wincanton PLC (WIN.LN) Tuesday said it entered a joint venture with business outsourcing firm Serco Group PLC (SRP.LN). The first initiative of the new venture, to be called Serton, will be to bid for contracts to escort prisoners for the U.K. Ministry of Justice, Wincanton said. The joint venture will exploit Wincanton's logistics expertise and Serco's proven track record in moving prisoners, the company said. Terms weren't disclosed. -By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; [email protected] (END) Dow Jones Newswires June 08, 2010 03:03 ET (07:03 GMT)