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Loomis signs a five-year SafePoint agreement in Sweden

Loomis AB’s subsidiary in Sweden has entered into an agreement with Reitan Convenience.

The agreement, which is the first of large scale in Sweden, runs over five years and includes installations and services of approximately 400 SafePoints at all of Pressbyrån’s and 7-Eleven’s stores across Sweden.

The installation is expected to start at the beginning of 2018 and to be completed in the fall of 2018.

“The use of SafePoints will not only increase the safety of our employees in our stores but also significantly reduces the time we spend on cash handling. By using SafePoint, we will also improve our cash flow since the cash received will be credited into our bank account on a daily basis”, says Magnus Carlsson at Reitan Convenience Sweden AB.

“Reitan Convenience is a very important reference customer for Loomis and we will continue to expand our SafePoint infrastructure in Europe”, says Patrik Andersson, President and CEO of Loomis.

About Loomis
Loomis offers safe 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 around 24,000 people and had revenue in 2016 of SEK 16.8 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.

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