Loomis enters Latin America with acquisition in Argentina
Loomis has acquired the Argentinean cash handling company Vigencia which has around 190 employees. With operations primarily in theBuenos Airesregion, the company has just under 40 cash in transit (CIT) vehicles and net sales of around SEK 60 million. The acquisition, which is Loomis’ first outside Europe and theUS, is the beginning of a broader expansion intoLatin America. Vigencia’s management team will remain in place. Part of Loomis’ strategy is to expand into new markets in Latin America andEastern Europethrough acquisitions. There are several reasons for choosingLatin America: Most