Prosegur acquires SecurLog, German cash in transit specialist

Prosegur has acquired SecurLog, the German market leader in cash in transit company. The two companies have successfully completed their negotiations today. The transaction price has been €22.7 million.

SecurLog, had a turnover in 2010 of approximately €145 million and a workforce of more than 3,200 employees distributed in 31 branches over the country. Clients -amongst them major financial institutions and retailers in Germany- confirm its success. SecurLog, has a leader position in the cash and transit market in Germany and the transaction will enable Prosegur to access the entire German market. The operation will strengthens Prosegur´s strategy to be the leader in every market where the company operates.

Prosegur has a strong presence in Europe, with offices in Spain, France, Portugal, Romania and now Germany and a total fleet of over 1.500 armoured vehicles, 80 cash centres and around 45,000 employees in the region. This makes Prosegur a leading player in the European cash in transit market.

The know-how of Prosegur is an advantage for SecurLog. Involved in a continuous process of technological innovation for more than 35 years, it offers all the security services that customers can demand today.

The commitment to technology and innovation, added to a human capital perfectly aligned with customer´s needs and the excellence in providing services has enabled the company to continue growing day by day. The continuous investment in technology, R&D and innovation lets Prosegur anticipate its customers’ requirements by constantly developing new solutions and improving its processes and tools.