Loomis expands its international business
Loomis has, through one of its wholly owned subsidiaries, acquired 100 per cent of the business of Sequel International Logistics (USA) Inc. from Sequel Logistics Pvt. Ltd (“Sequel”), the largest secure logistics company in India. The enterprise value, i.e. purchase price plus acquired net debt, is approximately USD 2 million, corresponding to approximately SEK 16.5 million. Sequel International Logistics (USA) Inc. has approximately 15 employees and the annual revenue in 2017 was approximately USD 2.6 million. The business will be reported in segment International and consolidated