Prosegur

Prosegur is a Spanish multinational security company headquartered in Madrid. Founded in 1976 by Herberto Gut, the business began as a private-security provider serving power plants, industrial facilities, and shopping centres. It subsequently developed into a broader security-services group whose activities include physical guarding, cash management, cash-in-transit operations, alarm monitoring, and outsourcing-related security services. A significant early corporate milestone came in 1987, when Prosegur became the first security company to list on the Madrid Stock Exchange. The listing supported the company’s development as one of Spain’s largest private-security businesses. Its international expansion initially focused on Spain, Portugal, and Latin America, later extending into additional European and Asian markets. Prosegur has frequently used acquisitions to enter markets or increase scale, and it has held leading positions in several national markets, including Spain, Brazil, and Germany. The company’s cash activities were separated from the parent group in March 2017 through the demerger and separate Madrid listing of Prosegur Cash. Prosegur retained majority ownership of the cash business, creating a separately listed vehicle while preserving the group’s participation in cash-in-transit and cash-management operations. Prosegur also expanded its presence in Australia through the December 2013 acquisition of the Australian division of Chubb Security. In July 2022, Prosegur and Armaguard agreed terms to combine their Australian operations; the transaction received regulatory approval in June 2023. This combination reflects the consolidation-oriented character of the cash-services market and Prosegur’s use of partnerships and acquisitions in international growth. Alongside its commercial activities, Prosegur presents social responsibility as part of its corporate profile. It is a signatory to the United Nations Global Compact and has supported social and employment-integration projects through the Prosegur Foundation. The foundation’s stated areas of activity include education, social and professional inclusion for people with intellectual disabilities, community initiatives, and corporate volunteering. Prosegur has also been associated with employer-recognition programmes in Spain and Brazil and with the FTSE4Good IBEX index. The brand therefore represents a diversified security-services group rather than a single physical-security product. Its business model combines recurring or contracted security operations, technology-enabled alarm monitoring, cash logistics, and market expansion through acquisitions. The available reference material does not provide current revenue, employee, ownership, or detailed country-by-country operating data.

Prosegur was established in 1976 by Herberto Gut as a private security company in Spain. Its initial work concentrated on protecting power plants, industrial facilities, and shopping centres, giving the business an operating base in high-value and infrastructure-related security. Over time, it expanded beyond conventional guarding into a wider portfolio of security and cash-related services. In 1987, Prosegur became the first security company to list on the Madrid Stock Exchange. The listing distinguished it within Spain's private-security industry and helped establish the company as a major national operator. Its subsequent international growth began with expansion across Spain, Portugal, and Latin America. The group later entered further European and Asian markets, often relying on acquisitions to obtain local capabilities, customers, and operating infrastructure. Australia became an important later expansion market. In December 2013, Prosegur acquired the Australian division of Chubb Security for A$145 million, reported as approximately €95 million in the reference material. The acquisition gave Prosegur a position in Australia's cash-in-transit sector. In July 2022, Prosegur and Armaguard agreed to merge their Australian operations. The transaction was approved by regulators in June 2023, marking another significant structural development in the Australian cash-services market. The group also reorganized its cash activities. In March 2017, Prosegur demerged its cash business and separately listed Prosegur Cash on the Madrid Stock Exchange. Prosegur remained the majority owner of Prosegur Cash, allowing the parent group to retain an interest in the cash business while giving that activity a separate listed corporate structure. According to the reference material, Prosegur operates in 31 countries across four continents and has market-leading positions in several countries, including Spain, Brazil, and Germany. Its business scope includes private security, cash management, alarm monitoring, and outsourcing services. The combination of physical operations, logistics, monitoring, and acquisitions has shaped the group as an international security-services platform rather than a narrowly defined guarding company. Social and institutional initiatives form another part of the company's history. Prosegur is a signatory to the United Nations Global Compact and has established the Prosegur Foundation. The foundation supports education, social and employment integration for people with intellectual disabilities, community-oriented initiatives, and corporate volunteering. Prosegur has also received Top Employer recognition in Spain and Brazil and has been included in the FTSE4Good IBEX index. The available material does not establish the current executive team, detailed financial performance, ownership structure, or a complete chronology of all acquisitions.

1. 2023Regulatory approval in Australia

   Regulators approved the combination of the companies' Australian operations.

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2. 2022Agreement with Armaguard

   Prosegur and Armaguard agreed terms to combine their Australian operations.

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3. 2017Cash business demerger

   The cash business was separated and Prosegur Cash was listed independently on the Madrid Stock Exchange, with Prosegur retaining majority ownership.

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4. 2013Entry into Australia

   Prosegur acquired the Australian division of Chubb Security and entered the Australian cash-in-transit market.

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5. 1987Madrid Stock Exchange listing

   Prosegur became the first security company to list on the Madrid Stock Exchange.

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6. 1976Prosegur is founded

   Herberto Gut founded Prosegur as a private security company focused initially on power plants, industrial facilities, and shopping centres.

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A multinational provider of integrated security and cash-management services, positioned around combining traditional guarding and logistics with monitored and outsourced security operations.

• Physical security and guardingPrivate security1976

  Prosegur's original operating area is private security for sites such as power plants, industrial facilities, shopping centres, and other customer premises. The service is based on staffed protection and broader site-security operations. The supplied references do not specify individual service packages, technologies, or customer sectors beyond the historical examples.

• Cash management and cash-in-transitCash services

  Cash management and cash-in-transit are major parts of Prosegur's security-services portfolio. These activities cover the secure handling and movement of cash and were significant enough to be separated into the separately listed Prosegur Cash business in 2017. Prosegur continued to hold a majority interest in that business after the demerger.

• Alarm monitoringElectronic security

  Alarm monitoring extends Prosegur's offering beyond on-site guarding by providing monitored security services for customers. The available material identifies alarm monitoring as a core business line but does not provide detailed information about equipment, response arrangements, subscription structures, or geographic availability.

• Security outsourcingBusiness services

  Prosegur provides outsourcing-related security services for organizations that contract external specialists to manage selected security activities. This line complements guarding, monitoring, and cash operations and supports the company's positioning as an integrated security provider.

• Prosegur Foundation social and education initiatives

  Countries where Prosegur operates

  The Prosegur Foundation channels the group's social and cultural initiatives. Its stated focus includes education, reducing inequality, community needs, social and professional inclusion for people with intellectual disabilities, and corporate volunteering.

  Outcome. The reference material describes continuing social programmes but does not provide quantified outcomes.

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• Corporate responsibility and inclusion programme

  International

  Prosegur promotes responsible-business practices through participation in the United Nations Global Compact, foundation-led inclusion work, employer initiatives, and association with the FTSE4Good IBEX index.

  Outcome. Recognition and participation are documented, but campaign-level performance data is not provided.

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• 2022Agree combination with Armaguard in AustraliaM&A

  Prosegur and Armaguard pursued a combination of their Australian operations in the cash-services market.

  What changed. The companies agreed terms for the combination in July 2022.

  Aftermath. The transaction proceeded to regulatory review and received approval in June 2023.

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• 2017Demerger and separate listing of Prosegur CashM&A

  The group's cash activities had become sufficiently substantial to receive a separate corporate and stock-market structure.

  What changed. Prosegur demerged the cash business and listed Prosegur Cash separately on the Madrid Stock Exchange while retaining majority ownership.

  Aftermath. Cash services continued as a separately listed business connected to Prosegur through majority ownership.

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• 2013Acquire Chubb Security's Australian divisionM&A

  Prosegur sought entry into Australia's cash-in-transit market and pursued the Australian division of Chubb Security.

  What changed. It acquired the division in December 2013.

  Aftermath. The transaction established Prosegur's Australian presence in cash services.

  Acquisition price. A$145 million, reported as approximately €95 million (December 2013)

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• 2023Australian operations combination receives regulatory approval

  Regulators approved the proposed combination of Prosegur and Armaguard's Australian operations in June 2023.

  M&ARegulation
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• 2022Prosegur and Armaguard agree to combine Australian operations

  Prosegur and Armaguard agreed terms for a combination of their Australian operations, subject to regulatory review.

  M&A
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• 2017Prosegur separates its cash business into Prosegur Cash

  The group demerged its cash business and separately listed Prosegur Cash on the Madrid Stock Exchange while retaining majority ownership.

  M&A
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• 2013Prosegur acquires Chubb Security's Australian cash-in-transit business

  Prosegur entered Australia by acquiring the Australian division of Chubb Security, described as the country's second-largest cash-in-transit business at the time.

  M&A
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• 1987Prosegur becomes the first security company listed on the Madrid Stock Exchange

  Prosegur completed its Madrid Stock Exchange listing, an important step in the formal development of Spain's private-security sector.

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1. Prosegur