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Companies in this industry use armored vehicles and security personnel to pick up and deliver money, receipts, and other valuables. Major companies include The Brinks Company and Dunbar Armored (based in the US), as well as Garda World Security (Canada), Loomis (Sweden), and Prosegur (Spain).
Top companies in the industry have extensive international operations, typically serving much of North America, Europe, Latin America, the Middle East, and the Asia/Pacific region. Multinational customers increasingly seek cash-in-transit providers and cash managers with broad geographic reach.
The US armored vehicle industries includes about 135 companies with combined annual revenue of about $2.7 billion.
Demand is driven by cash transaction volume. The profitability of individual companies depends on their ability to maintain safe, secure, efficient operations. Large companies have economies of scale in fleet management and administrative resources. Smaller companies can compete effectively by focusing on a specific geography. The industry is highly concentrated: the four largest firms in the US account for about 90 percent of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Armored vehicle companies typically offer secure logistics and security services including cash-in-transit, ATM replenishment and maintenance, international transportation of valuables, and cash management services. Some companies also may provide payment processing as well as other security and guarding services.
Cash-in-transit services manages the flow of bills and coins between banks, consumers, retail outlets, restaurants, and government facilities. Companies employ carriers who use armored vans or trucks to transport ...
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