Loomis acquires assets from the Finnish cash handling provider Ponsec

Loomis Suomi Oy, fully owned subsidiary of Loomis AB, has agreed to acquire assets and customer contracts from the Finnish cash handling provider Ponsec Finland Oy.

Loomis will acquire safes and vaults, together with customer contracts for cash deposits in 17 shopping malls spread across Finland. The acquisition does not include any take over of employees, but will support and constitute a base for refinement of Loomis’ existing operations in Finland. - Through the acquisition we establish our position as one of the two largest cash handling companies on the Finnish market. To acquire safes and vaults in shopping malls is consistent with our strategy to at a larger extent offer our customers technically advanced safety solutions as a complement to cash transports, which constitutes our core business, says Loomis’ CEO Lars Blecko. The acquired business will be consolidated in Loomis as of June 1st 2009 and will be integrated in Loomis' Finnish subsidiary.