|
Press Release: Brink's and BVC announced a successful transition from strategic alliance to a joint venture entity in India. With immediate effect, the organizations will combine as BVC Brink’s Diamond and Jewellery Services LLP to provide the diamond and jewelry industry with a seamless international service offering throughout India.
This joint venture of industry leaders combines the power of Brink's global footprint and unrivaled liability program, with BVC’s proud heritage within in the Indian secure logistics sector.
"Following on from the successful launch of our strategic alliance in 2013, we soon came to realize that the next stage of our natural evolution was to formally form a joint venture between BVC and the Brink’s family. I am delighted to be able to formally announce this today. The combined strengths of Brink’s and BVC together can only further add value and benefit the diamond and jewelry market now and in the long term," said Amit Zukerman, the president of Brink’s Global Services.
BVC was established in 1960 due to the growing market need to provide a quality logistics service to India's burgeoning diamond trade. Uday Chinai, the chairman of BVC Group of Companies, has spearheaded growth within each business vertical and his understanding and involvement of operations has helped BVC Group of companies achieve its success.
Chinai said, “It was always our aim to set new standards within the secure logistics value chain and to offer our customers unprecedented levels of service, efficiency and security. We believe that vision was enhanced by the strategic alliance and now the formal joint venture of our organizations will ensure the realization of those goals.”
About Brink's:
Brink’s is a global leader in security-related services for banks, retailers and a variety of other commercial and governmental customers. Our services include armored car transportation, money processing, long distance transport of valuables, vaulting and other value-added solutions. We employ about 70,000 people who serve customers in more than 100 countries. Brink's India shall continue to operate independently in its other lines of business, including cash transportation, ATM, precious metal logistics and domestic diamond and jewelry with commitment to service excellence.
About BVC Group:
BVC was established over five decades ago and the focus has been to provide end-to-end logistics solutions for valuable cargo. The journey began with customs house agency and has continued with international and domestic freight forwarding. Growing with the society at large has assisted BVC in becoming a market leader in India. BVC's fleet of armored vehicles ensure that goods are delivered securely and have ensured no loss of shipment since inception. Each client is provided with customized value added services through BVC’s award winning customer service. With a strong team of industry experts who specialize in the high value sector, a strong focus is devoted to developing value for stakeholders and finding effective, scalable solutions.
Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
|