Loomis to acquire Oregon Armored Service, Inc.
Loomis has agreed to acquire the shares of Oregon Armored Service, Inc. based inPortland,Oregonin theUSAeffective December 31, 2011.
Loomis will acquire all of the operations and customers along with hiring the Oregon Armored Service, Inc. employees. The acquired contracts will add yearly revenue of approximately 6 MUSD.
“Through this acquisition, we will be able to further strengthen our presence in the State ofOregon. In addition we will also be able to provide enhanced services such as Loomis SafePoint to customers in a market we previously did not service”, says Loomis’ CEO Lars Blecko.
The acquired business will be consolidated in Loomis as of January 1st 2012 and will be integrated in Loomis'USsubsidiary. The purchase price is 5.7 MUSD and will have an estimated positive impact on EPS in 2012 of 0.1 SEK per share.
28.12.2011
Lars Blecko
VD och Koncernchef
070-641 49 10
Loomis offers safe and effective comprehensive solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies via an international network consisting of more than 390 branch offices in 14 European countries and in the US. Loomis has 20 000 employees and a turnover of 11 billion Swedish kronor. Loomis is a midcap listed company on NASDAQ OMX Stockholm.
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 8.45 a.m. (CET) on December 28th, 2011.
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