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Business
2 mins to read

Armourguard agrees to buy rival from Linfox

Declining cash usage has cramped the market for secure cash-in-transit services, with Linfox’s Armaguard reportedly in crisis talks in Australia.

Armourguard in New Zealand is owned by the New York-based Wolfe family through their investment company Evergreen.

NBR Staff Thu, 28 Mar 2024

Privately owned cash delivery company Armourguard has agreed to buy competitor ACM New Zealand from Australia-based Linfox Armaguard, subject to Commerce Commission approval.

The move comes as customers of Linfox’s Armaguard business in Australia were reportedly hoarding cash over Easter weekend

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NBR Staff Thu, 28 Mar 2024
Contact the Writer: editor@nbr.co.nz
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Tags
Armourguard Linfox Commerce Commission ACCC merger
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