HOUSTON -- Loomis has announced the acquisition of EM Armored Car Service Inc., a Savannah, Ga.-based cash handling services provider. Terms of the transaction, which will be effective as of August 31, were not announced.
Loomis is an international provider of cash handling services with annual revenue of approximately $1.7 billion. The company's operating network consists of 190 locations in the United States and Puerto Rico in addition to 240 locations in Western Europe. EM Armored Car Service is a privately held entity operating in southern Georgia.
"We have long respected EM [image-nocss] as a worthy competitor," said Cal Murri, Loomis U.S. president. "They have run the business the right way, delivering quality service with quality people. The combination will enable meaningful synergies in the south Georgia market where we have sizable operations and allow us to introduce integrated technology enabled solutions there."
"We take great pride in the EM team and appreciate all the hard work to build this company over the years," said Richard Estus, president of EM. "From the beginning, we have worked as partners with our customers to meet their needs with secure, dependable service. With Loomis, I have confidence that our customers will be presented with a quality support package featuring enhanced service capabilities unique in the cash handling industry."
Houston-based Loomis is the cash handling services division of Securitas AB, a world leader in security. Loomis offers secure and efficient cash distribution, processing and recycling solutions for financial institutions, retailers and other commercial enterprises through an international network of 430 operating locations in 11 European countries and the United States.
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