Prosegur

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Prosegur Compañía de Seguridad, S.A
Company typeSociedad Anónima
BMADPSG
IndustrySecurity
Founded1976; 50 years ago (1976)
Headquarters,
Area served
Worldwide
Key people
Helena Revoredo (Chairman)
Christian Gut (CEO)
ServicesManned guarding, cash in transit, security technology, security consulting, residential security
Revenue€ 4,291 million (2017)[1]
€ 220 million (2017)[2]
Number of employees
More than 170,000 (2017)[3]
Websitewww.prosegur.com
Prosegur armoured van
Prosegur armoured van (profile)
Mercedes truck based Prosegur van

Prosegur Compañía de Seguridad, S.A ("Prosegur") is a multinational security company, headquartered in Madrid, Spain.

History

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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]

Global presence

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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]

Social responsibility

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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]

References

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  3. ^ es:Prosegur
  4. ^ Prosegur Compania de Seguridad SA through subsidiary acquires Chubb Security Services Pty Limited, Reuters, Dec 16, 2013
  5. ^ Death of cash forces Armaguard, Prosegur to merge Australian Financial Review 29 July 2022
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