Loomis Full Year report January - December 2017
Loomis has published a full year report for the year January to December 2017.
Loomis expands its international business
Loomis has, through one of its wholly owned subsidiaries, acquired 100 per cent of the business of Sequel International Logistics (USA) Inc. from Sequel Logistics Pvt. Ltd (“Sequel”), the largest secure logistics company in India.
The enterprise value, i.e. purchase price plus acquired net debt, is approximately USD 2 million, corresponding to approximately SEK 16.5 million.
Loomis acquires KÖTTER Geld- & Wertdienste in Germany
Loomis has, through a wholly owned subsidiary, entered into an agreement to acquire 100 per cent of the limited partnership capital of KÖTTER Geld- und Wertdienste SE & Co. KG (“KGW”), which will be carved out from the KÖTTER group.
KGW conducts domestic cash handling services and is based in Essen, Germany. The enterprise value, i.e. purchase price plus acquired net debt, is approximately EUR 14 million, corresponding to approximately SEK 140 million.