Loomis AB (OM:LOOM B) entered into an agreement to acquire Cobelguard NV for €17 million on January 27, 2017. The enterprise value of €12 million includes the purchase price and acquired net debt. There is also an agreed possible future earn-out of maximum €5 million based on the future financial performance. The purchase price is payable on closing. Post-completion, the business will be reported in segment Europe and consolidated into Loomis as of closing of the transaction. Cobelguard had annual revenue of €12 million in 2016. The closing date is expected to be January 30, 2017. The acquisition is expected to have a marginal negative impact on the earnings per share of Loomis in 2017 due to acquisition related costs and integration costs.Ernst and Young acted as accountant to Loomis AB.

Loomis AB (OM:LOOM B) cancelled the acquisition of Cobelguard NV on January 27, 2018.