Loomis and Sonect announce global partnership
Loomis and Sonect AG (“Sonect”) have reached an agreement to enter into a partnership.
Sonect is a Swiss company that converts shops into a “virtual ATM”. This reduces cost of cash distribution for banks and simplifies in store cash management for merchants via a location-based on-demand service.
Loomis completes second acquisition in Chile
Loomis has, through one of its wholly owned subsidiaries, acquired 100 per cent of the shares in Compañía Chilena de Valores S.A. (“CCV”) in Chile.
CCV conducts domestic cash handling services and is based in Valparaiso, Chile. The enterprise value, i.e. purchase price plus acquired net debt, is approximately USD 28 million, corresponding to approximately SEK 250 million.
Loomis acquires CPoR Devises in France
Loomis AB has, through a wholly owned subsidiary, entered into an agreement to acquire 100 per cent of the shares in CPoR Devises (“CPoR”) in France. CPoR is part of the Tessi group that is listed on Euronext, Paris.
CPoR is a French credit institution and is mainly a supplier of foreign currency (FX) but also physical gold for investment purposes.