Serco buys out Australian maritime JV partner

International services giant Serco has bought out its 15-year joint venture partner in Australian defence and marine services business DMS Maritime Pty Ltd.

International services giant Serco has bought out its 15-year joint venture partner in Australian defence and marine services business DMS Maritime Pty Ltd.

Serco, which manages everything from traffic management and computer support to airspace and education, has signed an agreement to purchase P&O Maritime Services' 50% equity stake in DMS Maritime for A$106m (around £68m) in cash on completion.

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