Brink’s Makes $50m Brazil Buy

US security services firm Brink’s Co. says its Brazilian subsidiary has acquired Sebival and Setal for $50m in cash. Sebival and Setal were previously part of cash-in-transit and payment processing services company Sebival Seguranca. A Brink’s spokesman explains that the acquisition does not include two other units that formed part of the company. He also confirmed the deal, which is has been completed, was paid for in cash and will increase Brink’s market share in Brazil “to the low 20s from the high teens.” A US-based analyst who asks not to be identified says Brink’s had $153m on cash at hand in the third quarter of 2008 and that this deal “will be viewed favorably by investors.” The analyst, who has a strong buy rating for Brink’s, says the acquisition will be “slightly accretive and won’t affect ratings.” No financial advisors were involved.