The Brink’s Co., a Henrico County-based global security and logistics company, is acquiring a competitor in Argentina.
Brink’s said Thursday it will pay about $209 million in cash for Maco Transportadora de Caudales S.A., or Maco. The company is based in Buenos Aires and provides cash-in-transit services and money processing operations.
Brink’s is one of the world’s largest providers of armored truck transportation of cash and valuables, automated teller machine management, transportation logistics, and money processing, serving customers in more than 100 countries.
The final purchase price is subject to post-closing adjustments and foreign exchange translation, Brink’s said. The deal is expected to close within 30 days.