Loomis AB (OTCMKTS: LOIMF) is a Swedish security company specializing in cash handling and secure logistics services. Headquartered in Stockholm, the company offers comprehensive solutions for the transportation, processing and management of banknotes, coins and other valuables. Its services are designed to support financial institutions, retailers, wholesalers and public sector organizations in maintaining secure and efficient cash operations.
The company’s core activities include cash-in-transit (CIT) operations, ATM servicing, cash processing at high-security vaults and end-to-end cash management. Loomis employs a network of armored vehicles, secure facilities and proprietary technology to ensure the integrity of cash flows and reduce operational risk for its clients. In addition to physical logistics, Loomis offers electronic reporting and reconciliation tools that enhance transparency and control over cash inventories.
Loomis traces its modern origins to the 2008 spin-off of Securitas AB’s cash handling business, although its roots in the security and express transport industry date back more than a century. Since its establishment as an independent entity, the company has expanded both organically and through targeted acquisitions, growing its presence across multiple continents.
Today, Loomis operates in over 20 countries spanning Europe, North America, Latin America and Asia-Pacific. Under the leadership of Chief Executive Officer Joakim Andersson, the firm continues to invest in technology, safety protocols and sustainability initiatives aimed at driving operational excellence and meeting evolving customer needs in the global cash logistics market.
AI Generated. May Contain Errors.
Free LOIMF Stock Alerts