It’s been confirmed that Capita, the international business process outsourcing and professional services company headquartered in London, will take over the prisoner tagging contract previously held by G4S and Serco. The Ministry of Justice confirmed Capita will manage the six-year contract which is worth £228.8m in a bid to save £20m a year.

There are three other firms delivering on parts of the service; Steatite, Airbus and Telefonica. In a three-year deal worth £23.3m Steatite will develop and manufacture the equipment, Telefonica will supply the network (worth £3.2m) and Airbus will provide satellite-mapping (worth £10.4m).

Shares at capita closed up 0.09 per cent at 1,129p.

Capita selected as preferred bidder for Wycombe Council