Cash management service provider Brink’s Co. received antitrust approval to buy Rodoban, a Brazil-based provider of cash-in-transit, money processing and ATM services.
Rodoban had revenue of about $78 million and adjusted EBITDA of roughly $17 million over the last 12 months.
Brink’s expects Rodoban to add to its 2019 net income.
Brink’s also signed a $50 million accelerated share repurchase agreement with Bank of America Merrill Lynch.
The agreement is part of its $200 million share repurchase authorization announced on May 8, 2017.
In January, Brink’s agreed to Buy Rodoban for about $145 million in cash.
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