Approved: Merger between Armaguard and Prosegur Australia will improve sustainable supply of cash in Australia

The merger will represent a significant evolution in cash in transit and wholesale cash distribution in Australia, securing reliable access to cash for the Australian community. Despite the decline in cash usage in recent years, Prosegur and Armaguard recognise the importance of cash as a payment method and are committed to ensuring its sustainable availability. The merger will represent a significant evolution in cash in transit and wholesale cash distribution inAustralia, securing reliable...

The merger will represent a significant evolution in cash in transit and wholesale cash distribution in Australia, securing reliable access to cash for the Australian community. Despite the decline in cash usage in recent years, Prosegur and Armaguard recognise the importance of cash as a payment method and are committed to ensuring its sustainable availability.

This merger will create operational synergies, foster innovation, and enable the development of advanced solutions in Australia's cash transportation and management industry. The newly merged entity will prioritize addressing the concerns of its employees and collaborators while fully complying with labour regulations.

The proposed merger will enable Prosegur to reaffirm its commitment to the Australian market and its long-term vision of delivering quality cash transportation and management services in the country.

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