Loomis joins Scottish Grocers' Federation
Loomis is delighted to announce a new partnership with the Scottish Grocers' Federation, the trade association for the Scottish Convenience Store Sector.
Loomis has become one of SGF’s key member companies in a move which will be of real benefit to SGF retail members.
Loomis Full-Year Report January - December 2018
Loomis AB has published its full-year report for January to December 2018.
Loomis expands in Germany by acquiring Ziemann
Loomis AB has, through a wholly owned subsidiary, entered into an agreement to acquire 100 percent of Ziemann Sicherheit Holding GmbH (Ziemann). Ziemann conducts primarily domestic cash handling services. In addition, Ziemann also carries out security services as well as trading activities within the wholesale and retail market for currencies and precious metals. The enterprise value, i.e. purchase price plus acquired net debt, is approximately EUR 160 million, corresponding to approximately SEK 1,640 million.
Ziemann has approximately 2,700 employees and annual net revenue in 2018 was approximately EUR 175 million. More than 90 percent of the net revenue relates to cash handling services. The current operating margin, EBITA1), is approximately 7 percent.