Prosegur

Prosegur was founded in 1976 by Herberto Gut. It began as a private security company, with a particular focus on power plants, industrial facilities and shopping centres. In 1987, it became the first security company to list on the Madrid Stock Exchange, and remains the largest company in the private security industry in Spain. In March 2017, Prosegur demerged its cash business, which listed separately on the Madrid Stock Exchange. Prosegur Cash remains majority owned by Prosegur. Prosegur operates in 26 countries across four continents. Prosegur's entry into new markets, and subsequent expansion has often been through acquisition. Its operations grew initially through Spain, Portugal and Latin America, but have since expanded to other parts of Europe and Asia. In December 2013, Prosegur entered the Australian market with the acquisition of the second largest cash in transit business in the country, the Australian division of Chubb Security for A$145 million (€95 million) Prosegur holds a market leading position in many of the countries in which it operates, including Spain, Brazil and Germany.