Brink's buys additional 38 pct stake in Brink's Arya, holds majority interest
On Friday September 4, 2009, 10:17 am EDT
RICHMOND, Va. (AP) -- Home security company Brink's Co. said Friday it purchased an additional 38 percent stake in India's Brink's Arya, a cash handling and logistics company.

Brink's now holds a 78 percent majority interest in the Mumbai-based company. Brink's has owned a 40 percent stake of Brink's Arya since 1981.

Terms of the deal were not disclosed.

Brink's Arya was founded in 1981 as a joint venture between Brink's and private partners. In 2008, the company had a total revenue of $25 million and employs about 2,300 people.

Shares of Brink's added 11 cents to $26.03 in morning trading.