Brink’s purchases Brazilian firm
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By Staff Reports
Published: January 8, 2009
-- The Brink's Co., a Henrico County-based security services company, has acquired a Brazilian security firm.
Brink's, which already has a substantial presence in Brazil through a subsidiary there, said it will pay about $50 million for Campo Grande-based Sebival, a provider of cash-in-transit and payment processing services in midwestern Brazil.
Sebival employs 3,300 people and has annual revenue of about $60 million. Established in 1970, Sebival has 20 branch locations.
The Brink's Co. provides secure transportation and cash management services. It spun-off its U.S.-based home security business into a separate, publicly traded company in October.
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