It began as a private security company, with a particular focus on power plants, industrial facilities and shopping centres.

[3] Its operations grew initially through Spain, Portugal and Latin America, but have since expanded to other parts of Europe and Asia.

Prosegur holds a market leading position in many of the countries in which it operates, including Spain, Brazil and Germany.

[citation needed] In December 2013, Prosegur entered the Australian market with the acquisition of the second largest cash in transit business in the country, the Australian division of Chubb Security for A$145 million (€95 million).

[4] In July 2022, Prosegur and Armaguard agreed terms to merge their Australian operations.