Thursday, December 26, 2024

Ventia Services: Extends contract with WA government

Ventia Services Extends contract with WA government

  • Ventia Services (VNT) extends its contract with the Western Australia government to provide court security and custodial services
  • The new agreement is valued at around $229 million over a four-year term commencing in March, with the potential to extend the contract for a further five years
  • Group Executive Defence and Scial Infrastructure Derek Osborn says the company has proven it can deliver the required services with a “culture of care”
  • “The unique and dynamic challenges involved in a contract like this requires an operator that is able to balance security and welfare in complex operating environments.”
  • Shares in the company Services Group are down 1.87 per cent, trading at $2.37 at 1:25 pm AEDT

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