Prosegur

About Prosegur

In 1976, Herberto Gut founded Prosegur in Madrid, Spain. The company initially focused on the transport of valuables and cash management, a service defined by the armored vehicles seen on city streets. The following year, Prosegur expanded into security monitoring and physical surveillance, providing security guards for various facilities. This marked the beginning of a multi-decade expansion. A key inflection point came in 1987 when Prosegur became the first security company to be listed on the Madrid Stock Exchange. This event provided the capital for significant international growth. The company began its expansion into Latin America in 1995 and later entered markets in Asia, other parts of Europe, and eventually the United States through a series of acquisitions. The business also diversified, launching a residential alarms division in 1992 and later incorporating cybersecurity into its services. Following the death of her husband in 1997, Helena Revoredo eventually took over as President in 2004, continuing the family's leadership. Their son, Christian Gut, was later appointed CEO. A major corporate event occurred in March 2017, when Prosegur's cash-in-transit division, Prosegur Cash, was spun off and listed as a separate entity on the stock exchange, though Prosegur retained a majority stake. Today, Prosegur operates on multiple continents, evolving from cash-in-transit to a global, diversified security solutions provider.