The Brink’s Co. (NYSE: BCO) is seeking to further expand in South America with the acquisition of Maco Transportadora de Caudales S.A., a money management operator, for approximately $209 million in cash.

Maco provides secure transportation logistics, insurance, and security services for the cash management and industry. The Buenos Aires, Argentina-based target has a fleet of more than 150 armored vehicles used to protect financial assets while in transit. Maco is also capable of managing the transfer of funds by air for banks and other financial institutions.

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