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Loomis AB has entered the German market by acquiring Kötter Geld- & Wertdienste SE & Co. KG.
Loomis AB has entered the German market by acquiring Kötter Geld- & Wertdienste SE & Co. KG.
The target company provides cash handling services and is based in Essen, Germany. It was carved out from the Kötter-group and has approximately 800 employees and an expected annual turnover in 2017 of EUR 45 million. Loomis was advised by kallan in this transaction. The kallan team included Maria Wolleh, Oliver Cleblad, Manuel Haack, Julia Loos and Malte Woock.