Nokas

Loomis Completes the Acquisition of Nokas Värdehantering in Sweden

Retrieved on: 
Monday, June 15, 2020
Loomis, Wells Fargo, Nokas, Companies

SOLNA, Sweden, June 15, 2020 /PRNewswire/ -- On January 17, 2020, it was announced that Loomis, through the wholly owned subsidiary Loomis Sverige AB, entered into an agreement to acquire 100 percent of Nokas Vrdehantering AB.

Key Points: 
  • SOLNA, Sweden, June 15, 2020 /PRNewswire/ -- On January 17, 2020, it was announced that Loomis, through the wholly owned subsidiary Loomis Sverige AB, entered into an agreement to acquire 100 percent of Nokas Vrdehantering AB.
  • The transaction was subject to ownership approval by the Swedish Financial Authority.
  • The approval has now been obtained and the acquisition was completed June 15, 2020.

Loomis Acquires Nokas Värdehantering in Sweden

Retrieved on: 
Friday, January 17, 2020
Economy, Nokas, Loomis, Technology, Automated teller machine, Articles

SOLNA, Sweden, Jan. 17, 2020 /PRNewswire/ -- Loomis AB has, through the wholly owned subsidiary Loomis Sverige AB (Loomis Sverige), entered into an agreement to acquire 100 percent of Nokas Vrdehantering AB (Nokas Vrdehantering), a subsidiary of Nokas Kontandthntering AS in Norway.

Key Points: 
  • SOLNA, Sweden, Jan. 17, 2020 /PRNewswire/ -- Loomis AB has, through the wholly owned subsidiary Loomis Sverige AB (Loomis Sverige), entered into an agreement to acquire 100 percent of Nokas Vrdehantering AB (Nokas Vrdehantering), a subsidiary of Nokas Kontandthntering AS in Norway.
  • Nokas Vrdehantering has approximately 220 employees and annual net revenue, for the last twelve months ending in September 2019, was approximately SEK 215 million.
  • Nokas Vrdehantering and Loomis Sverige are both payment institutions under supervision of the Swedish Financial Supervisory Authority (SFSA).
  • Nokas CMS AB, a subsidiary of Nokas Vrdehantering and deployer of ATMs in the Nordic countries, is not included in the transaction and will remain in the Nokas Group.