Proposed merger of Linfox Armaguard and Prosegur Australia

Armaguard and Prosegur Australia have announced a proposed merger of their Cash In Transit, technology services and ATM networks in Australia. The merger is subject to regulatory approvals, which includes the Australian Competition and Consumer Commission.

“The proposed merger represents a significant and positive development in the management of cash in transit and wholesale cash distribution in Australia, and will secure the immediate future of reliable access to cash for the Australian economy," Armaguard said in a statement.