Loomis AB (LOIMF)

Overview

Loomis AB (publ), with a rich heritage dating back to 1852, stands at the forefront of the cash handling industry, providing comprehensive solutions for the safe distribution, management, storage, and recycling of cash and valuable items. Headquartered in Stockholm, Sweden, Loomis has established a robust international presence, catering to a diverse clientele that includes financial institutions, banks, retailers, and other businesses, across key markets in Sweden, the United States, France, Switzerland, Spain, the United Kingdom, and beyond. The company prides itself on its innovation and customer-centric approach, underscored by the development of Loomis Pay, a cutting-edge end-to-end payment platform designed to meet the evolving needs of merchants worldwide.

Products and Services

• Cash in Transit: Loomis specializes in secure cash transportation services, facilitating the safe and efficient movement of money for businesses and financial institutions. This core service ensures that cash inventory is managed professionally, minimizing risks associated with handling and transportation.
• Cash Management Services: Beyond transportation, Loomis offers a suite of services aimed at optimizing the cash handling processes. This includes cash processing, counting, sorting, and fitness checking, which help businesses streamline their cash operations, reduce costs, and enhance security.
• ATM Services: Loomis provides comprehensive ATM management services, which include replenishing cash, maintenance, and ensuring operational integrity. This service supports banks and financial institutions in maintaining high service levels and availability of cash for their customers.
• Physical Foreign Exchange: Recognizing the global nature of business, Loomis offers physical foreign currency services facilitating the exchange of currencies for international businesses, travelers, and financial institutions, ensuring clients have the right currency where and when they need it.
• International Valuables Logistics: Loomis extends its logistics expertise to the international transportation of valuable goods beyond cash, including precious metals, jewelry, and important documents. This service leverages Loomis' global network and expertise in secure logistics to provide safe and efficient transport solutions.
• Loomis Pay: A significant innovation in the company’s portfolio, Loomis Pay represents a fully integrated payment platform that simplifies the payment process for merchants. It offers a seamless, secure, and efficient solution for managing all payments, highlighting the company's adaptation to digital financial trends and commitment to catering to the diverse needs of its clients.