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Loomis — M&A Activity 2009
May 26, 2009
2940_rns_2009-05-26_541d6e3b-0744-42df-881b-570b65fad0c8.pdf
M&A Activity
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For more information, please contact: Lars Blecko +46 70 641 4910
Stockholm, May 26, 2009
Loomis acquires assets from the Finnish cash handling provider Ponsec
Loomis Suomi Oy, fully owned subsidiary of Loomis AB, has agreed to acquire assets and customer contracts from the Finnish cash handling provider Ponsec Finland Oy.
Loomis will acquire safes and vaults, together with customer contracts for cash deposits in 17 shopping malls spread across Finland. The acquisition does not include any take over of employees, but will support and constitute a base for refinement of Loomis' existing operations in Finland.
- Through the acquisition we establish our position as one of the two largest cash handling companies on the Finnish market. To acquire safes and vaults in shopping malls is consistent with our strategy to at a larger extent offer our customers technically advanced safety solutions as a complement to cash transports, which constitutes our core business, says Loomis' CEO Lars Blecko.
The acquired business will be consolidated in Loomis as of June 1st 2009 and will be integrated in Loomis' Finnish subsidiary.
Loomis offers safe and effective solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of more than 370 centres of operation in 12 European countries and in the US. Loomis has 20,000 employees and a turnover of 12 billion Swedish kronor. Loomis is a mid-cap listed company on NASDAQ OMX Stockholm.