Armaguard/Prosegur Merger Gets the Go-Ahead

Many countries are facing falling cash demand, which is causing problems in the cash cycle. This report, by Paul Blond of the Blond Group LLP, shows the compromises having to be made in Australia as a result.

The Australian Competition and Consumer Commission (ACCC) has finally approved the merger of Australia’s two largest cash in transit companies, Linfox Armaguard and Prosegur Australia.

The merger will create a single cash logistics provider, operating under the Armaguard name, which currently has an estimated market share of more than 90%.

The complex nine-month long review saw the competition authority gather more than 80 submissions, 13 witness statements and four expert reports, forcing them to extend their decision-making deadline several times.

Industry in decline, cash remains crucial