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M&A: Brinks takes control of Indian unit
The Brink's Company has announced that it now holds a 78% majority interest in Brink's Arya, a cash handling and secure logistics company based in Mumbai, India.
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Brink's, which has owned 40% of Brink's Arya since 1981, purchased an additional 38% stake in the company from private partners. Terms of the transaction were not disclosed.
Brink's Arya was founded in 1981 as a joint venture between Brink's and private partners. The company, which operates throughout India, had 2008 revenue of $25 million and employs approximately 2,300 people.
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