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

Madrid Madrid ( ; ) is the capital and List of largest cities in Spain, most populous municipality of Spain. It has almost 3.5 million inhabitants and a Madrid metropolitan area, metropolitan area population of approximately 7 million. It i ...

Spain Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Eur ...

History

Prosegur was founded in 1976 by Herberto Gut. It began as a

private security A private security company is a business entity which provides armed or unarmed security services and expertise to clients in the private or public sectors. Overview Private security companies are defined by the U.S. Bureau of Labor Statistic ...

company, with a particular focus on power plants, industrial facilities and shopping centres. In 1987, it became the first security company to list on the

Madrid Stock Exchange (; Madrid Stock Exchange) is the largest and most international of Spain's four regional stock exchanges (the others are located in Barcelona, Valencia, and Bilbao) that trade shares and convertible bonds and fixed income securities, and both g ...

, and remains the largest company in the private security industry in Spain. In March 2017, Prosegur demerged its cash business, which listed separately on the

, Prosegur Cash remains majority owned by Prosegur.

Global presence

Prosegur operates in 31 countries across four continents. Prosegur's entry into new markets, and subsequent expansion has often been through acquisition. 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. 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 Chubb Fire & Security is a British multinational company that provides property protection and life safety equipment and services, including fire protection and security systems. It has been a subsidiary of APi Group Corporation since January 20 ...

for A$145 million (€95 million). In July 2022, Prosegur and

Armaguard Armaguard is an Australian cash handling company. Founded in 1938 by Mayne Nickless, it is a subsidiary of Linfox. History Armaguard was founded in September 1938 as the Mayne Nickless Armoured Car Division when Mayne Nickless established an ...

agreed terms to merge their Australian operations. The merger was approved by regulators in June 2023.

Social responsibility

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 * It is a signatory of the

UN Global Compact The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's ...

* It has established the Prosegur Foundation, with a focus on education and social and employment integration for disabled people and corporate volunteer work * It is a member of the

FTSE4Good The FTSE4Good Index Series is a series of ethical investment stock market indices launched in 2001 by the FTSE Group which reports on the performance of companies which demonstrate "strong Environmental, Social and Governance practices". A numbe ...

IBEX index

References

External links

* {{Authority control Business services companies established in 1976 Companies listed on the Madrid Stock Exchange Companies based in Madrid Security companies of Spain Spanish companies established in 1976