Loomis signs strategic SafePoint agreement in the US
Loomis AB’s subsidiary in the U.S. has entered into an agreement with Jack in the Box’s National Franchise Association to place and service approximately 1,000 SafePoint units in the U.S. The contract runs over 5 years with total estimated revenue exceeding USD 18 million, corresponding to approximately SEK 150 million. The installation of the units is expected to start immediately and be completed before the summer 2016.
“We are excited about this specially designed program for the Jack in the Box National Franchise Association. This deal continues to validate the strength of our SafePoint solution and service network across the U.S.”, says Lars Blecko, Acting Group CEO and President Loomis US.
Jack in the Box, Inc. (NASDAQ:JACK), is headquartered in San Diego California and 72 per cent of its restaurants are owned by franchisees who are members of the Jack in the Box National Franchise Association. Through education, advocacy and sharing best practices, the NFA is committed to delivering critical services to its members.
Reza Khajavi, President of the Association said, “We are proud to represent our NFA members and introduce them to the Loomis SafePoint solution”.
Loomis US is committed to the growing interest in its SafePoint product. The recent release of the Titan SafePoint series combined with nationwide infrastructure and modern cash processing facilities provide capacity for further growth.
October 1, 2015
Lars Blecko Anders Haker
Acting Group CEO and President Loomis US President and CFO
Mobile phone: +1 832 205 2896 Mobile phone: 46 70 810 85 59
Email: lars.blecko@us.loomis.com Email: anders.haker@loomis.com
Loomis offers secure and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis’ customers are banks, retailers and other companies. Loomis operates through an international network of around 400 branches in more than 20 countries. Loomis employs around 21,000 people and had revenue in 2014 of SEK 13.5 billion. Loomis is listed on NASDAQ OMX Stockholm Large-Cap list.
Loomis AB discloses the information provided herein pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 3.30pm CEST on October 1st, 2015.
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