Brink's Co. buys in Brazil

Sunday, February 1, 2009

RICHMOND, Va.--The Brink’s Company, now independent of Brink’s Home Security, has acquired Sebival-Seguranca Bancaria Industrial e de Valores and Setal Servicos Especializados, Tecnicos e Auxiliares for roughly $50 million. Sebival is a provider of cash-in-transit and payment processing services in midwestern Brazil. The company employs 3,300 people and generates annual revenue of roughly $60 million. It was established in 1970 and has 20 branch locations. Michael T. Dan, chairman, president and chief executive officer of The Brink’s Company, said: “The growing Brazilian cash services market increasingly favors larger, more stable companies that provide value-added services.”