Loomis completes the acquisition of CIMA

On July 18, 2023, Loomis AB announced that it had entered into an agreement to acquire CIMA S.p.A. The acquisition was completed on October 2, 2023.

“Today I welcome the CIMA team into the Loomis Group, and I look forward to our exciting journey ahead. CIMA brings a proven track record of innovation and R&D within cash automation and complements Loomis in terms of both product offering, technological solutions as well as geographic presence. Together, we will combine our strengths and capabilities to provide enhanced solutions and further develop best-in-class cash-handling automation solutions with the customer in mind,” says Aritz Larrea, President and CEO of Loomis.

The business will be reported within the SafePoint business line and consolidated into Loomis as of October 2023.  

Including transaction and integration costs, the acquisition is expected to have a positive impact on the operating profit (EBITA1) and the earnings per share of Loomis in 2023. The contribution from the acquisition should be seen as an addition to Loomis’ financial targets for the strategic period ending 2024.

1) Earnings before interest, taxes and amortizations

This press release is also available on the company's website, www.loomis.com.

October 2, 2023

Jenny Boström
Head of Sustainability and IR

Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com

Loomis offers secure and effective comprehensive solutions for managing payments, including the distribution, handling, storage and recycling of cash and other valuables. Loomis’ customers are mainly financial institutions and retailers. Loomis operates through an international network of around 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2022 of more than SEK 25 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.