Loomis completes acquisition of majority stake in Hermes Transportes Blindados
Loomis has finalized the acquisition of a majority share in Hermes Transportes Blindados. The transaction expands Loomis' operations into Peru.
Swedish cash and valuables logistics company Loomis has completed the acquisition of 99.80 percent of the shares in Peru-based Hermes Transportes Blindados S.A. The deal was finalized following the completion of a public tender offer.
The acquisition significantly strengthens Loomis' presence in Latin America, particularly in Peru, where Hermes Transportes Blindados is a major player in cash-in-transit and cash-handling services. This move is expected to enhance the company's service network and operational efficiency in the region.
Loomis has indicated that the acquisition was financed through existing credit facilities. The company has not disclosed specific financial details of the transaction.
With operations across Europe and North America, Loomis aims to expand its global reach and market position through strategic acquisitions like this one. Hermes Transportes Blindados' established infrastructure and customer base are anticipated to contribute to Loomis' growth strategy.