resultados-pcs

Madrid, 16 June 2018. Prosegur Cash has acquired Logmais in Brazil, a company specialized in the provision of banking correspondent services. With the addition of Logmais, Prosegur Cash diversifies the products it offers within the New Services area, which already represents 10% of the company's total turnover.

Logmais, founded in 2016 in the city of Bahia, offers mainly deposit and collection services. The company has 57 own branches, distributed along the Northeast and Southeast regions. In addition, the company offers its services through a network of 75 service points located in public buildings and more than 800 associated retailers throughout the country. Logmais has a team of more than 390 people and makes more than 2.3 million transactions per month.

Alessandro Abrahão, Prosegur Cash general manager in Brazil, said that "we are very satisfied with the incorporation of this business. A strategic opportunity for Prosegur Cash that will reinforce the position of the company as a provider of payment solutions. With the acquisition of Logmais, we expanded the services we offer our clients always with the guarantee of a solid, agile, efficient company and the only one that has a presence throughout the Brazilian territory ".

The acquisition of Logmais is part of the strategy that Prosegur Cash is implementing to enhance the New Services that become a strategic axis in the development of the company. Sales of New Services in 2017 reported EUR 167 million, practically 50% more than in 2016. In Latin-American, the New Services experienced a growth of 51% to EUR 103 million, driven especially by cash automation at the point of sale, added value outsourcing services and international transport.

In the 2018 first quarter, the company has maintained the strong growth rate in this segment, which already represents 10.5% of total turnover.