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; jason.douglas@dowjones.com
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