SOLNA, Sweden--(BUSINESS WIRE)--Regulatory News:
Loomis (STO: LOOMB) has today completed the acquisition of VIA MAT Holding AG (”VIA MAT”). On 4 April 2014, Loomis announced that they had entered into an agreement to acquire 100 per cent of the shares in VIA MAT. VIA MAT is based in Zürich, Switzerland, and is one of the world’s leading companies in international valuables logistics. The enterprise value is approximately CHF 200 million corresponding to approximately SEK 1,450 million.
The acquisition enables Loomis to expand its service offering by adding International Services to the existing Cash in Transit and Cash Management Services lines of businesses. The International Services consist of three types of operations; cross border transportation of cash and precious metals, storage of valuables and general logistic solutions.
As a result of VIA MAT’s strong position in the Swiss cash handling market, the acquisition will make Loomis the market leader in cash handling in Switzerland.
Loomis offers safe and effective comprehensive solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of almost 400 branch offices in 16 countries. Loomis has 20 000 employees and annual revenue of 11 billion Swedish kronor. Loomis is a midcap listed company on NASDAQ OMX Stockholm.
Loomis AB discloses the information provided herein pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 10.35 a.m. (CEST) on May 5th, 2014.
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