Loomis acquires the cash handling services provider EM Armored Car Service in the USA
Loomis AB, Securitas’ cash handling services division, has acquired the assets of the cash handling services provider EM Armored Car Service Inc in Georgia, USA. The purchase price is approximately MSEK 11.9 (MUSD 1.85).
EM Armored Car Service is a cash handling service provider operating in southern Georgia, with 50 employees and annual sales of approximately MSEK 17 (MUSD 2.6). The acquisition will enable meaningful synergies in the south of Georgia market where Loomis has sizable operations and allow introduction of integrated technology enabled solutions there.
The acquisition will be consolidated in Loomis AB as of September 1, 2008.
This press release is also available at: www.securitas.com
Gisela Lindstrand, Senior Vice President Corporate Communications and Public Affairs,
Securitas AB, mobile +46 70 287 8662
Securitas is a knowledge leader in security. By focusing on providing security solutions to fit each customer's needs, Securitas has achieved sustainable growth and profitability in more than 30 countries in North America, Latin America, Europe and Asia. Everywhere from small stores to airports, our 250,000 employees are making a difference.
Securitas AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instrumets
Trading Act. The information was submitted for publication at 08.00 (CET) on August 26, 2008