Loomis AB (publ) completes the acquisition of VIA MAT
On the 5th of May completed the acquisition of VIA MAT Holding AG (”VIA MAT”).
Loomis announced on the 4th of April that it had entered into an agreement to acquire 100 per cent of the shares in VIA MAT.
VIA MAT is based in Zürich, Switzerland, and is one of the world’s leading companies in international valuables logistics.
The enterprise value is approximately CHF 200 million corresponding to approximately SEK 1,450 million.
The acquisition enables Loomis to expand its service offering by adding International Services to the existing Cash in Transit and Cash Management Services lines of businesses.
The International Services consist of three types of operations; cross border transportation of cash and precious metals, storage of valuables and general logistic solutions.
As a result of VIA MAT’s strong position in the Swiss cash handling market, the acquisition will make Loomis the market leader in cash handling in Switzerland.