Serco Group plc is listed on the London Stock Exchange and constituent of the FTSE 100 Index -listed British service companies. Its headquarters is located in the London Borough of Richmond upon Thames.
Serco was founded in 1929 as the British Department of Radio Corporation of America under the name "RCA Services Limited " and performed services for the film industry. The company renamed itself in 1987 in " Serco Limited" to changing its name to the IPO in 1988 Serco Group plc to.
Serco is active in Europe, the Middle East, East Asia, Australia and North America, generates most of its sales but still in the UK. The clients are mainly from the public sector. The company's growth is based mainly on the trend towards outsourcing of services. SERCOS activities include technical assistance to the Ministry of Defence, IT support services, air traffic control, satellite control and traffic management systems. Among other things, operates the London Serco Docklands Light Railway, Merseyrail Electrics and Northern Rail in the North of England and the Great Southern Railway in Australia. Together with Ansaldo STS operation Serco, the Copenhagen Metro, the company sold its shares on January 1, 2008.
The former German subsidiary Serco GmbH, which has emerged from the ELEKLUFT and the privatized prison Hünfeld operates, has been renamed after a management buy-out from July 1, 2012 in steep GmbH.
SERCOS sales amounted to 1,381 million pounds sterling, the after-tax profit of 36 million pounds in 2004.