Cash handling company Loomis has entered an agreement with the British bank HSBC for management of the Bank’s remote ATMs across the UK.
The contract success is the largest since Loomis’ market listing in December 2008 and when fully implemented, will make HSBC the largest customer of Loomis in the UK.
The agreement, which became effective from August 1, includes management of HSBC’s remote ATM estate, including cash forecasting, replenishment and maintenance which will be performed in association with contract partner, NCR Corporation (NYSE: NCR).
‘This agreement means that we take total responsibility for the remote ATMs of HSBC in theUK. This is a tremendous step forward for Loomis in the UK and represents a vote of confidence from the market for our services’, says Lars Blecko, CEO of Loomis.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, entertainment, gaming, public sector, telecom carrier and equipment organizations in more than 100 countries. NCR (www.ncr.com) is headquartered in Duluth,Georgia.
About Loomis UK
Loomis UK offers safe and effective solutions for the distribution, handling and recycling of cash for banks, retailers and other commercial companies.
As part of an international network, Loomis has more than 370 branch offices in 14 European countries and the US. Globally, Loomis has approximately 20,000 employees and a turnover of 1.1 billion pounds (GBP). Loomis is a midcap listed company on NASDAQ OMX Stockholm.