Armaguard
| Formerly | Mayne Nickless Armoured Car Division |
|---|---|
| Industry | Logistics |
| Founded | September 1938 |
| Founder | Mayne Nickless |
| Headquarters | Essendon Fields, Melbourne , Australia |
Key people | Mick Cronin (CEO) |
| Services | Automated teller machine management Cash movement |
| Parent | Linfox |
| Website | www.armaguard.com.au |
Armaguard is an Australian cash handling company. Founded in 1938 by Mayne Nickless, it is a subsidiary of Linfox.
History
Armaguard was founded in September 1938 as the Mayne Nickless Armoured Car Division when Mayne Nickless established an armoured car division in Melbourne. During the 1940s operations began in Sydney, Brisbane, Adelaide and Geelong, followed in the 1950s by Broken Hill, Wollongong and Morwell, Hobart and Launceston, then in the 1960s, Canberra, Townsville and Perth. In 1973 the Mayne Nickless Armoured Car Division was rebranded as Armaguard.[1] In October 1987 the armoured car division of TNT was purchased.[2]
In 2003 Armaguard was purchased by Linfox.[3] In 2009 the New Zealand assets of Chubb were acquired. In 2011 in a joint venture with Etihad Airways, Armaguard Valuables Management is established in the United Arab Emirates. In 2015 Brink's Australian cash in transit business is purchased.[1][4]
In 2019 the rediATM business was purchased, operations commenced in Thailand and the United Arab Emirates joint venture was dissolved.[1] In July 2022, Armaguard agreed terms with Prosegur to merge their Australian operations.[5][6] In June 2023 the merger was approved by the Australian Competition & Consumer Commission.[7]
References
- ^ a b c Timeline Armaguard
- ^ Mayne Nickless purchases TNT armoured car division Australian Financial Review 8 October 1987
- ^ Are You Passing Another Mayne Truck & Bus Transportation November 2002 page 8
- ^ Linfox Armaguard - proposed acquisition of Brinks Australia's cash logistics business Australian Competition & Consumer Commission 24 July 2014
- ^ Death of cash forces Armaguard, Prosegur to merge Australian Financial Review 29 July 2022
- ^ ACCC seeks further views on Armaguard and Prosegur merger Australian Competition & Consumer Commission 21 December 2022
- ^ ACCC authorises Armaguard and Prosegur's merger, subject to undertaking Australian Competition & Consumer Commission 13 June 2023
External links
Media related to Armoured vans of Armaguard at Wikimedia Commons
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- ANZ
- Commonwealth Bank
- National Australia Bank
- Westpac
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- St George Bank
| Retail | |
|---|---|
| Member-owned |
- Category:Banks of Australia
- Economy of Australia
- Financial system in Australia
- List of banks in Australia
