Loomis completes acquisition in Chile
Loomis has, through one of its wholly owned subsidiaries, acquired 100 per cent of the shares in Wagner Seguridad Custodia y Transporte de Valores (Wagner) in Chile. Wagner conducts domestic cash handling services and is based in Santiago, Chile. The enterprise value, i.e. purchase price plus acquired net debt, is approximately USD 31 million, corresponding to approximately SEK 260 million. Wagner has approximately 940 employees and the annual revenue in 2016 was approximately USD 23 million. The business will be reported in segment Europe and consolidated into Loomis as of closing