Loomis makes its first acquisition in Slovakia

Loomis has acquired the Slovakian cash handling company Fenix in its first acquisition in Slovakia since entering the market in March this year. Fenix has annual sales of approximately Euro 500,000 and is the county’s third largest operator.

Loomis’ objective is to become one of the leading Slovakian operators, and plans to reach this position both through acquisitions and organic growth.

-Fenix has been in the market for several years and has operations in 3 locations and provides na-tionwide coverage, says Lars Blecko, CEO of Loomis.

The cash handling industry in Slovakia comprises a number of smaller and middle sized players.

-The relatively low degree of outsourcing within cash handling offers good opportunities to grow in this market, Lars Blecko says.


For more information, please contact:
Lars Blecko +46 70 641 49 10