Loomis AB Completes Acquisition of Burroughs, Inc.

Loomis AB ( (SE:LOOMIS) ) has shared an announcement.

Loomis AB has successfully completed the acquisition of Burroughs, Inc., enhancing its service offerings in the U.S. market. The acquisition aligns with Loomis’ strategic priorities and positions the company for continued profitable growth, with Burroughs continuing to operate under its brand within Segment USA.

The most recent analyst rating on (SE:LOOMIS) stock is a Hold with a SEK300.00 price target. To see the full list of analyst forecasts on Loomis AB stock, see the SE:LOOMIS Stock Forecast page.

More about Loomis AB

Loomis AB is a company that provides secure and effective comprehensive solutions for managing payments, including the distribution, handling, storage, and recycling of cash and other valuables. Its primary customers are financial institutions and retailers. The company operates through an international network of around 400 branches in 27 countries and employs approximately 24,000 people. In 2024, Loomis reported revenue of more than SEK 30 billion and is listed on the Nasdaq Stockholm Large-Cap list.

YTD Price Performance: 14.28%

Average Trading Volume: 121,580

Current Market Cap: SEK24.58B

For an in-depth examination of LOOMIS stock, go to TipRanks’ Stock Analysis page.