Brink's to sell services in France and Poland

theflyonthewall.com

The Brink's company announced that it has agreed to sell its event security operations in France to Groupe Ageparfi, and its cash handling business in Poland to Impel Security Polska. Both transactions are expected to be completed in Q1. Brink's will continue to operate its airport security business in France. The company also will continue to operate in Poland through its Global Services unit. In 2011, the businesses to be divested had combined revenues of approximately $45M and an operating loss of about $3M. Brink's employs approximately 1,100 people at the two businesses.

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