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Loomis receives regulatory approval for the acquisition of CPoR

On June 4, 2018 Loomis AB announced that it had, through a wholly owned subsidiary, entered into an agreement to acquire 100 per cent of the shares in CPoR Devises (“CPoR”) in France. The transaction was subject to local works council procedures and approval of ACPR, the French financial market regulator.
 
All the necessary approvals have now been received and the transaction is therefore expected to be closed within the next few weeks. The purchase price on a debt/cash free basis is payable on closing and is approximately EUR 70 million.

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Loomis reorganises segment International

Since the acquisition of VIA MAT in 2014 Loomis has managed and reported its business in three separate segments; Europe, USA and International.
 
In order to enhance future growth opportunities and create further cost synergies, segment International will no longer be a separate segment. The new organisation will become effective January 1, 2019.

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Loomis AB Interim Report January - September 2018

Loomis AB has published an Interim Report for January to September 2018.

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