Press, News & Features

Press Releases

Loomis acquires Cobelguard in Belgium

Loomis AB has entered into an agreement to acquire 100 per cent of the shares in Cobelguard CIT NV.

Cobelguard conducts domestic cash handling services and is based in Ghent, Belgium.

The enterprise value, i.e. purchase price plus acquired net debt, is approximately EUR 12 million, corresponding to approximately SEK 114 million.

There is also an agreed possible future earn-out of maximum EUR 5 million based on the future financial performance.

Cobelguard has approximately 170 employees and annual revenue in 2016 was approximately EUR 12 million.

The business will be reported in segment Europe and consolidated into Loomis as of closing of the transaction. The closing date is expected to be January 30, 2017.

The purchase price is payable on closing. Due to acquisition related costs and integration costs the acquisition is expected to have a marginal negative impact on the earnings per share of Loomis in 2017.

“This acquisition further expands our European footprint and gives us the opportunity to benefit from the outsourcing trend, which we believe will accelerate in Belgium in the coming years. We welcome all new employees and customers to the Loomis group”, says Patrik Andersson, President and CEO of Loomis.

January 27, 2017

Patrik Andersson
President & CEO

Cell: 46 76 111 34 00   
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Anders Haker 
CFO

Cell: 46 70 810 85 59
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Loomis offers secure and effective comprehensive solutions for the distribution, handling, storage and recycling of cash and other valuables. Loomis’ customers are banks, retailers and other companies. Loomis operates through an international network of more than 400 branches in more than 20 countries. Loomis employs more than 23,000 people and had revenue in 2015 of SEK 16 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.

Thank you for choosing Loomis to provide your SafePoint Solo solution.

We aim to make the set up process as easy as possible right from the start; here's a quick outline of what to expect once you submit your request: 

  • You will receive a New Account Request form (here we capture more about your company, address details and other necessary information)
  • Upon receipt of a completed form; we will create your New Account and issue our standard terms and conditions
  • Included within will be confirmation of the collection day for your service
  • Once the contract is fully executed, you will be asked to complete a short form regarding the placement of your new SafePoint device
  • Once returned, an ETA for the installation will be given, with your services commencing shortly after this is complete
  • You will also receive a Welcome Pack and site survey from your local servicing depot.
You may experience issues with this form if you have not accepted cookies.