The enterprise value, i.e. purchase price plus acquired net debt, is approximately
Nokas Värdehantering has approximately 220 employees and annual net revenue, for the last twelve months ending in
The business will be reported in segment
the transaction. Nokas Värdehantering and Loomis Sverige are both payment institutions under supervision of the
Including integration costs, the acquisition is expected to have a marginal dilutive impact on the earnings per share of Loomis in 2020. Thereafter the acquired business is expected to generate profits.
"The acquisition of Nokas's Swedish cash handling will add opportunities to further develop our service offerings in the Swedish market. We are convinced we can add value for our new customers but also for our current customers in
1) Earnings before interest, taxes and amortizations
President and CEO
Mobile: +46 76 111 34 00
Email: patrik.andersson@loomis.com
Kristian Ackeby
CFO
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
Chief Investor Relations Officer
Mobile: +1 281 795 8580
Email: anders.haker@loomis.com
Loomis offers safe and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis customers are banks, retailers and other operators. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2018 of
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