Loomis to acquire Oregon Armored Service, Inc.Wednesday, 28 December 2011
Loomis has agreed to acquire the shares of Oregon Armored Service, Inc. based in Portland,Oregonin the USA effective December 31, 2011.
Loomis will acquire all of the operations and customers along with hiring the Oregon Armored Service, Inc. employees. The acquired contracts will add yearly revenue of approximately 6 MUSD.
Advertisement“Through this acquisition, we will be able to further strengthen our presence in the State ofOregon. In addition we will also be able to provide enhanced services such as Loomis SafePoint to customers in a market we previously did not service”, says Loomis’ CEO Lars Blecko.
The acquired business will be consolidated in Loomis as of January 1st 2012 and will be integrated in Loomis'USsubsidiary. The purchase price is 5.7 MUSD and will have an estimated positive impact on EPS in 2012 of 0.1 SEK per share.
Based on a press release
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