Loomis (LOOMIS) M&A announcement summary

Deal rationale and strategic fit

• Entry into Peru aligns with the strategic priority to expand in emerging Latin American markets with high cash usage and strong macroeconomic fundamentals.

• Acquisition leverages Hermes' market leadership, 50% share, and diversified client base in secure logistics and risk management to strengthen regional presence.

• Opportunity to expand automated solutions and mining logistics, supporting cross-border growth and SME segment expansion.

• Strong cultural and business model alignment enables straightforward integration and value creation.

• Supports financial, sustainability, and long-term growth targets for 2025-2027.

Financial terms and conditions

• Transaction values Hermes at PEN 1,450 million (SEK 4 billion), representing a 6.6x EV/EBITDA multiple based on 2025 financials.

• Fully financed through debt with a committed bridge facility; net debt/EBITDA to temporarily exceed 2x, normalizing within six months post-closing.

• Public tender offer for up to 100% of Hermes shares, with 99.49% already secured from shareholders.

• Expected to be immediately accretive to operating profit and EPS, reported within Segment Europe and Latin America.

Synergies and expected cost savings

• Operational efficiencies anticipated in procurement, routing, fleet utilization, and security.

• Integration with automation solutions and cross-selling services, leveraging installed base of 1,000 smart safes.

• Margin enhancement expected through best practice sharing and digitalization.

• Cost synergies identified, especially in mining and automation segments.