Back to BCO
Brink's Acquires Commercial Security and Systems Integration Company in Asia-Pacific Region

RICHMOND, Va., Sept. 4 /PRNewswire-FirstCall/ -- The Brink's Company (NYSE: BCO), announced that it has acquired a majority stake in ICD Limited, a premium provider of commercial security services in the Asia-Pacific region. ICD designs, installs, maintains and manages high-quality commercial security systems. With principal operations in China, ICD also has offices in Hong Kong, India, Singapore and Australia. The company employs approximately 200 people and had 2008 revenue of $12 million. Terms of the transaction were not disclosed.

Michael T. Dan, chairman, president and chief executive officer of The Brink's Company, said: "The Brink's brand is an international symbol of trust and security, and penetrating new security-related markets is an important element of our long-term growth strategy. ICD gives Brink's an entry point into Asia's fast-growing commercial security market and supplements our existing presence in the region. It also provides immediate access to an impressive list of multinational clients that are expanding throughout Asia." Ron Efron, chief executive officer of ICD Limited, said: "We are excited to join Brink's as we launch the next stage of growth for ICD. Our culture and values are closely aligned, as both companies share a commitment to integrity, excellence and teamwork. As part of Brink's, we look forward to strengthening our organization, expanding the solutions we offer to our customers and accelerating the growth of our business."

About The Brink's Company

The Brink's Company (NYSE: BCO) is the world's premier provider of secure transportation and cash management services. For more information, please visit The Brink's Company website at www.brinkscompany.com or call toll free 877-275-7488.

Contact:

Investor Relations

804.289.9709

SOURCE The Brink's Company

Copyright (2009) PR Newswire. All Rights Reserved.
Back to BCO
Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki