Brink’s expanding in Brazil
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The leader in global cash managementManagement and control of cash in circulation. More, logisticsThe term originates from military language and refers to the movement and provisioning of troops at war. In today’s business vocabulary, it refers to the management in particular, the transportation, storage and distribution of finished goods. More and security solutions, Brink’s recently announced the acquisition of Rodoban, a Brazilian cash-in-transit, moneyFrom the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More processing and ATM service provider. The company is based in the state of Minas Gerais and mostly serves the country’s southeastern regions.
The deal will be sealed for $145 million. “The Rodoban acquisition is another demonstration of our commitment to accelerating profitable growth by making acquisitions in core businesses in existing markets,” states Brink’s CEO and president Doug Pertz.
Since March 2017, Brink’s has already made seven acquisitions, including Rodoban, in a strategy to expand their reach and improve the company’s cost-effectiveness.
To read the full press release, please click here.
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