Brink's acquires cash logistics business in Russia
The Brink's Company (NYSE:BCO), announced that it has acquired a majority stake in a Russian cash processing business that complements the company's acquisition of a CIT (cash-in-transit) business in the first quarter of 2009. With principal operations in Moscow, Brink's now has approximately 500 employees in Russia and offers a full range of CIT, ATM, money processing and Global Services operations for domestic and international markets.
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Michael T. Dan, chairman, president and chief executive officer of The Brink's Company, said: "While our presence in Russia remains relatively small, Brink's has established itself as the first international provider of CIT and cash logistics solutions in this fast-growing market. Continued penetration of Russia is an important element of our long-term growth strategy, and we look forward to expanding our services there and in other developing markets."