Prosegur

Prosegur was founded in 1976 by Herberto Gut. It began as a private security company, with a particular focus on power plants, industrial facilities, and shopping centres.^[1] In 1987, it became the first security company to list on the Madrid Stock Exchange,^[2] and remains the largest company in the private security industry in Spain.^{[citation needed]}

In March 2017, Prosegur demerged its cash business, which listed separately on the Madrid Stock Exchange, Prosegur Cash remains majority owned by Prosegur.^{[citation needed]}

Prosegur operates in 31 countries across four continents. Prosegur's entry into new markets and subsequent expansion has often been through acquisition.^[3] Its operations grew initially through Spain, Portugal, and Latin America, but have since expanded to other parts of Europe and Asia. Prosegur holds a market-leading position in many of the countries in which it operates, including Spain, Brazil, and Germany.^{[citation needed]}

In December 2013, Prosegur entered the Australian market with the acquisition of the second largest cash in transit business in the country, the Australian division of Chubb Security for A$145 million (€95 million).^[4] In July 2022, Prosegur and Armaguard agreed terms to merge their Australian operations.^[5] The merger was approved by regulators in June 2023.^[6]

Prosegur actively promotes socially responsible practices. Examples include:

• It has been awarded the "Top Employer" award in Spain and Brazil by the Top Employers Institute in 2013^[7][8]
• It is a signatory of the UN Global Compact^[9]
• It has established the Prosegur Foundation, with a focus on education and social and employment integration for disabled people and corporate volunteer work^[10]
• It is a member of the FTSE4Good IBEX index^[11]