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M&A News: Brinks take majority share in Chinese security company
The Brink's Company has announced that it has taken a majority stake in ICD Limited, a provider of commercial security services in the Asia-Pacific region.
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ICD designs, installs, maintains and manages commercial security systems and has its principal operations in China with offices in Hong Kong, India, Singapore and Australia.
ICD employs approximately 200 people and, in 2008, grossed USD12 million. Terms of the transaction were not disclosed.
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