The Prosegur security company is very active in purchase of companies. Three of its last four acquisitions were confirmed in December 2018, within less than a week of each other. Below are the transactions that have been taking place in the Spanish company.
Prosegur is a company of global security services founded in Madrid in 1976, became the first Spanish security company to be listed on the Madrid Stock Exchange in 1987 and is the third largest private security company in the world.
La empresa cuenta con cuatro unidades de negocio: sistemas integrales de seguridad (SIS), logística de valores y gestión de efectivo, alarmas y ciberseguridad.
Its wide range of business units means that the company is obliged to continually update itself and not let opportunities in the sector pass it by. As you will see below, Prosegur has recently been buying companies in different activities. We, as expertos en corporate financewe explain them to you:
Cipher, empresa brasileña fundada en el año 2000, ofrece una gama amplia de servicios gestionados de seguridad y consultoría. Hablamos de una de las largest cybersecurity companies in Brazil and which also has a presence in the UK and Florida.
On 10 December, the approval for Prosegur's purchase of Cipher was announced. The amounts of the operation are unknown, but we know that the purchase consisted of a majority shareholding of more than 60% of Cipher.
Alejandro Alonso, CEO of Prosegur, explained: "the purchase of Cipher gives us access to one of the markets, Brazil, with the highest growth rate, complementing our geographical presence in the region. Cybersecurity is a business with a global turnover of 100 billion euros.and which is registering growth of up to 15% per year and it should be borne in mind that, in Latin America, Brazil and Argentina together account for 60% of the total," he added.
Prosegur did not rest after the acquisition of Cipher and the next day we learned of another operation of the group. Prosegur Global Alarms Row, a Spanish company controlled by Prosegur, has become a shareholder in the Australian company Scout Security. through an investment of approximately 2.9 million Australian dollars.
Scout Security, con sede en Sídney, es una empresa proveedora de servicios relacionados con el sector de la seguridad.
The transaction has been structured through the subscription of a capital increase of the Australian company. In addition, Prosegur has acquired 16,005,508 options over Scout Security shares, which can be exercised before 31 December 2019 at a price per share of $0.28. If all options were exercised, Prosegur's total investment in Scout Security would be approximately A$7.4 million.
Un par de días después conocimos una triple compra de empresas. Prosegur Avos, empresa controlada por Prosegur Cash, adquirió las también españolas Grupo Dopar, Enclama e Iberprofin.
The three companies are partnerships specialised in logistics and document management y formaban parte de Ibercaja. La operación consiste en una alianza a largo plazo con Prosegur Cash tras la sale of these companies.
Tanto los 62 trabajadores que componen sus plantillas como las oficinas, quedan integrados en la estructura de Prosegur Avos, creando en Zaragoza un nuevo centro que se sumará a los que ya tiene en Madrid, La Coruña, Vigo y Palma de Mallorca.
Finally, and somewhat prior to the latest acquisitions, Prosegur Avos acquired the Madrid companies Risk Management Solutions and CompliOfficer. In neither case were the amounts of the operations made official.
Risk Management Solutions es una empresa dedicada al desarrollo y comercialización de AMLcheck, un specialised software for the prevention of money laundering and terrorist financing (AML software). With its specialisation it has become the first RegTech Spanish.
Por su parte, CompliOfficer se dedica al Corporate Compliancespecialising in the current regulations on the Prevention of Money Laundering and Terrorist Financing (PBC-FT).
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