samedi 29 octobre 2022

Cash and valuables transportation from the Netherlands

 

 

Cash and valuables transportation from the Netherlands

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(Sorry if there are errors in the meaning, word or verb of the expressions). 




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Armored Van of the Nederlands Waarden transport BV

As in other European countries, the cash-in-transit market in the Netherlands was really developed in the middle of the "Trente Glorieuses" period (1945 to 1975), and will experience from the transition of Florins becoming Euros in 2001/2002, an acceleration of the takeovers of cash-in-transit companies between two big international leaders that are G4S and BRINK’S.

 

GELDTRANSPORT NEDERLANDS armored van

In the 60's, small operators were created in different areas of the Netherlands.

 

Advertising of the car and builder SPYKSTAAL

They will develop as companies are created. Some Dutch vanbuilders will propose an offer of armored vans, like here the vanbuilder SPYKSTAAL

 

Armored Van of the Dutch Post

The Dutch Postal Service will also equip itself with armored vans.

 

Armored Van of the Airport Security at the foot of a KLM plane

The Netherlands will quickly acquire specialties in various high-value professions, such as banking but also diamonds. A special security is made to take diamonds arriving by plane from all over the world to the diamond district of Antwerp, which, after processing and negotiation, are resold and sent back to their new owners, still by plane.

 

Airport Security armored van

Antwerp will become "THE" world diamond hub: 70% of diamonds come from Antwerp, whether rough or cut, and are used in industry or by jewelers.

 

GELDENET secure trucks

Another important point that has developed cash and valuables transport in the Netherlands are the large port areas of Rotterdam and Antwerp. High-value technological goods and valuable furniture pass through these ports to industrial areas. This requires secure trucks. GELDENET is one of the Dutch companies that specialize in this type of transport.

 

GELDENET armored van

It also offers classic vans for the transport of cash and valuables.

 

Conveyor of SECURICOR Netherlands getting ready to get back into his armored van

From the end of the 60's, foreign groups will start to establish themselves in the Netherlands like the English security company  SECURICOR.

 

Van Gend & Loos armored van

The American group BRINKS will do differently to penetrate this market: It will join forces with many existing companies like Van Gend & Loos.

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Two armored vans of the BRINKS GERLACH B.V on the airport of Amsterdam

Indeed, in order to penetrate this Dutch market which is beginning to arouse covetousness with its various diamond and high value-added goods markets, rather than creating subsidiaries with new vehicles from scratch, BRINKS offers its system to these Dutch associates, who, in turn, will offer their existing structures with their specific clientele.

 

Armored Van of BRINKS GERLACH B.V.

It will start its evolution with its new partner « GERLACH B.V

 

Armored Van of BRINKS GERLACH B.V. in front of a Dutch strong center of the group

Here in front of one of the fortress centers of GERLACH B.V.

 

Armored Van of BRINKS NEDLLOYD

Later on, the company will take over their shares and absorb them one after the other. Here the NEDLLOYD cash-in-transit company.

 

Armored Van and truck of BRINKS Netherlands

After these takeovers, only the name BRINKS will appear on the armored vans.

 

Conveyor of the "Malcat Amit" transporting a secured package

We can also note the development in the years 2000-2010 of the "Free Ports", Bonded Area or Free-Trade Zone, in Portuguese Porto Franco, in France "Port franc", in Italian Zona Franca and in USA Foreign-trade Zone.  

Some are based in airport and maritime zones or in industrial zones in Amsterdam or Antwerp. These are places where goods of all kinds, including works of art, are temporarily stored and are not subject to customs duties as long as they remain in the warehouse.

 

Malcat Amit" van unloading a work of art in a free port

This confidential market is beginning to impact on the transportation of funds of these values: Indeed, these works remain stored in these bunker warehouses highly protected by speculation and are very little exposed.

 


Armored Truck of the company MCH Waardelogistiek

With the introduction of the EURO, at the turn of the year 2001/2002, the cash-in-transit business will be impacted as it is for the French and German market. In order to grow, large groups merged with small cash-in-transit companies.


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Armored Truck of the company G4S

Indeed, faced with price competition and regulations increasing the cost of cash transportation, only large groups with significant financial means will be able to hold...

 

HEROS Netherlands armored van

Following a scandal in Germany about the embezzlement of more than 300 million euros by the managers of the German HEROS CIT company, its Dutch subsidiary is also going to be taken over by the competition.

  

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Fourgon G4S Netherlands

Subsequently two large groups will emerge at the end of the 2000s: The first G4S, former owner of SECURICOR through company buyouts.

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Armored Van of BRINKS Netherlands

And the second one: BRINKS.

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Two trucks of BRINKS Netherlands during their receptions at the SCANIA dealer

The other big groups such as PROSEGUR or LOOMIS will have difficulty to establish themselves on this market where BRINKS is a major leader and established for years on the ground of the Netherlands following its repurchases since the beginning of the 70s.

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 G4S Netherlands Armored van

It is in 2020 when BRINKS is definitely going to be "THE" leader in the Dutch CIT market: it takes over the "Fiduciary Logistics" part of G4S which covered 17 countries including the Netherlands...

 

BRINKS Netherlands van in its fortress warehouse

But by dint of its growth, BRINKS Netherlands got into debt...

 

Fourgon SECUR CASH

BRINKS Netherlands is going to launch a subsidiary to relaunch itself: SECUR CASH . It was intended to collect cash in stores and department stores, but it will file for bankruptcy in 2019.

 

Armored van of BRINKS Netherlands

Indeed, the environment of cash transport is a sector that is impacted by various pressures, such as the "political" one to decrease the volumes of cash in the Netherlands, as well as new regulations that increase the pressure on transport costs (automatic staining in case of theft and minimum amounts entrusted in cash transport depending on the sums transported), as well as fewer and fewer Bank Agencies on the Dutch territory to supply.

Changes in purchasing behavior will also impact the means of payment in cash: the rise of digital payments will accelerate the decrease in cash volumes, which has been accentuated with the COVID Virus since 2020 by favoring these means to pay for all kinds of purchases.

 

For the transport of the Central Bank of the Netherlands, the Central Bank of the Netherlands manages its own money transport, escorted by the Koninklijke-Marechaussee from the manufacturing plants to the branches in the Dutch regions.

 
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----------------------------------------------
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- from all over the world on the Facebook link -
of "Waardetransport" -
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