Finance

Hampshire’s Serco completes £34m European Homecare acquisition

Published by
Daniel Face

Serco Group has acquired European Homecare (EHC), a specialist provider of immigration services to German public sector customers.

The Hampshire firm agreed to purchase EHC from Korte-Stiftung for £34 million last December – a deal it completed this week.

EHC has been delivering social services in Germany since 1989, including accommodation, medical and social care, training and education.

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It now employs over 2,000 people and manages more than 100 facilities, with revenue for the year ended 31 December 2023 expected to reach £130 million.

The acquisition is set to widen the reach and capability of Serco’s international immigration services platform, which already operates across the UK, Europe and Australia.

Mark Irwin, chief executive of Serco Group, said: “This strategic acquisition will complement our ORS operations and strengthen our position as a leading partner in immigration services for European governments.

“There are complex and growing requirements for immigration and asylum seeker support services globally, and we have a strong track record of providing high standards of service underpinned by our commitment to ensuring that service users are treated with care and respect.”

Read more - Hampshire Chamber seeks sustainability to invest and grow from Spring Budget

Daniel Face

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL. Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience. Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.

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