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WELLS FARGO ARMORED SERVICE ACQUIRES ATM SERVICES FIRM

 CHICAGO, May 19 /PRNewswire/ -- Wells Fargo Armored Service Corp. today announced that an agreement has been signed to acquire the assets of the Technical Services Division of Golden Eagle Equipment Service Group, Inc., a California-based provider of automatic teller machine (ATM) services. The acquisition is expected to be effective on June 14, 1993. Terms were not disclosed.
 Golden Eagle employs about 100 people and provides technical maintenance services for approximately 1,500 ATMs throughout California. Wells Fargo Armored Service is the nation's leading provider of ATM services, supported by a Tandem-based automated dispatch center, the industry's finest all-risk cargo policy, and extensive cash handling experience. More than 20,000 ATMs are replenished and repaired each month by Wells Fargo Armored's ATM services operations.
 Atlanta-based Wells Fargo Armored Service, a subsidiary of Borg- Warner Security Corp. (NYSE: BOR), provides armored transport, ATM services and cash handling services nationwide. Borg-Warner Security is the largest, broadest-based supplier of security services in the United States, providing guard, alarm, armored transportation and courier services under the Wells Fargo, Burns and Pony Express names.
 -0- 5/19/93
 /CONTACT: Joseph C. Allen, 312-322-8836, for Borg-Warner Security Corp./
 (BOR)


CO: Wells Fargo Armored Service Corp.; Golden Eagle Equipment Service
 Group, Inc. ST: Georgia, California IN: TRN SU: TNM


SH -- NY068 -- 0344 05/19/93 13:43 EDT
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Publication:PR Newswire
Date:May 19, 1993
Words:220
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