Friday, The Brink's Co. (BCO), the transportation and cash management services provider, said it presently holds a 78% majority interest in Mumbai-based Brink's Arya, a cash handling and secure logistics company. Brink's, which owned 40% of Brink's Arya since 1981, purchased an additional 38% stake in the company from private partners. Terms of the transaction were not disclosed.
Brink's Arya was founded in 1981 as a joint venture between Brink's and private partners. This company, which operates throughout India, had revenues of $25 million in 2008 and employs about 2,300 people.
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