Loomis acquires Cash Handling operation in Slovakia

Bob Forsyth – The Key battleground for client data Bob Forsyth, Chief Executive Officer at Kings Security, discusses new disruptive technologies and their impact on the today's marketplace in his latest blog. Read on »
UK OSPAs winners announced The UK Outstanding Security Performance Awards (OSPAs) event took place at the Royal Lancaster in central London on 1 March. Over 400 security professionals gathered to celebrate Read on »
James G Brown shortlisted for the 2018 UK OSPAs Lifetime Achievement Award James (Jim) G Brown, Chairman and Founder of Selectamark Security Systems, has been shortlisted for this year's OSPA Lifetime Achievement Award. Read on »
Friday, 27 April 2018

Loomis acquires Cash Handling operation in Slovakia

LoomisIn line with the strategy to become the leading company in local markets Loomis has acquired G4S´s cash handling operation in Slovakia. Through the acquisition Loomis will become the market leader in Slovakia. The purchase price is approximately SEK 18 million (£1.67 million).

G4S’s cash handling operation in Slovakia has approximately 300 employees and six branches across the country. Following the acquisition Loomis will have a country wide cash handling network in Slovakia. The acquired operations have annual revenue of approximately SEK 60 million (£5.58 million) and will add customers within the bank sector as well as within the retail segment.

The acquisition will be consolidated in Loomis as of December 2, 2013.

The acquisition is expected to have a limited impact on the Earnings per Share during 2013.

Loomis Website

Leave a Reply

Your email address will not be published. Required fields are marked *


Interconnective Security Products