MONTREAL, QUEBEC, CANADA--(Marketwire - July 12, 2012) - Garda Cash Logistics, a subsidiary of Garda World Security Corporation (TSX:GW), one of the leading Security Solutions and Cash Logistics firms in the world, announced today that it signed a contract valued at $250 million with Desjardins Group, one of its most important and long-standing cash logistics clients.
Bernard Le Blanc, Vice President of Procurement and Administrative Services at Desjardins, said "This agreement is part of a continued improvement and optimization of total cost of the entire value chain process through an evolution of cash logistics and the transformation of our caisses."
"In 2003, Garda entered the cash logistics industry with the acquisition of Secur, a company owned by Desjardins," said Stephan Cretier, Garda President & CEO. "Today we have become one of the most important cash logistics providers in North America with over half a billion in revenues in this operating sector, 180 branch offices and more than 10,000 employees. I am proud to be able to count on a partner such as Desjardins which has always supported Garda from its origins here in Quebec."
ABOUT DESJARDINS GROUP
Desjardins Group www.desjardins.com is the leading cooperative financial group in Canada with assets of $196.4 billion. Drawing on the strength of its caisse network in Quebec and Ontario and its subsidiaries across Canada, it offers a full range of financial products and services to its 5.6 million members and clients. Desjardins specializes in Wealth Management and Life and Health Insurance, in Property and Casualty Insurance, in Personal Services, and in Business and Institutional Services. As one of the largest employers in the country and among Canada's Top 100 Employers for 2012™, Desjardins is backed by the skills of its 44,645 employees and the commitment of nearly 5,400 elected officers. A new education and cooperation program is now available to Desjardins members and the general public. For more information, visit www.desjardins.com/co-opme.
Garda (TSX:GW) is a global provider of security and cash logistics solutions. With headquarters in Montreal, Canada, the firm's 45,000 dedicated professionals, among the most highly qualified and best-trained in the industry, serve clients in countries throughout North America, Europe, Latin America, Africa, Asia and the Middle East. Garda works with clients in a broad range of sectors and industries including financial institutions, retailers, governments, humanitarian relief organizations and the natural resources, construction and telecommunications industries. Garda's global experts take the time to fully understand their clients' business goals and objectives in order to customize solutions with strong local engagement that meet their needs.
As a result, clients can improve operational performance, meet their business obligations, and achieve their corporate objectives. With proven experience and a commitment to ensuring the highest ethical standards in everything the company does, Garda has earned a reputation for integrity, leadership and uncompromising safety standards. Most importantly, businesses, governments and individual clients place their trust in Garda. For more information, visit: www.garda.com.