Croydon Council is outsourcing its library services to ensure all 13 libraries stay open.
The council has signed an eight-year contract with John Laing Integrated Services (JLIS). The contract will see the service undergo a major modernisation programme including the introduction of new technology such as wi-fi and self-service.
JLIS will take over management of Croydon's libraries.
Tim Pollard, cabinet member for children, families and learning, said: ‘Signing this contract means that Croydon’s libraries are now safe for the foreseeable future. At a time when all council services are coming under financial scrutiny, it’s great to have negotiated an arrangement that not only keeps all our branches open, but will also see modernisation through the investment that is now planned.’