Loomis acquires G4S' Cash Handling operation in France

Dienstag, 03.07.2007 08:20 von Hugin

In line with the strategy to become the leading company in the local markets where Loomis has a presence, Loomis AB has acquired G4S plc's cash handling operation in France. Through the acquisition, Loomis, which is Securitas' cash handling services division, will become the market leader in France. Enterprise value is estimated to approximately 230 MSEK (MEUR 24.4). G4S' cash handling operation in France, with 720 employees, is present in the northern part of the country and in the Paris area. The operation has annual sales of approximately 430 MSEK (MEUR 46). The customers are mostly banks, but they also have a high market share within retail. The acquisition will be integrated in Securitas as of July 2, 2007. This press release is also available at: www.securitas.com Information: Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs, Securitas AB, phone +46 70 287 8662 Thomas Backteman, Communications Manager, Loomis AB, phone +46 70 971 1266