Loomis AB Acquires Burroughs, Inc
May 6, 2025
Loomis AB, through its wholly owned subsidiary Loomis US Holding Inc, has entered into an agreement to acquire 100% of Burroughs, Inc for an initial USD 72 million on a cash and debt-free basis, plus a potential earn-out. The acquisition is intended to broaden Loomis’ ATM and Automated Solutions services in the US by adding lifecycle maintenance and connected technology capabilities.
- Buyers
- Loomis AB, Loomis US Holding Inc
- Targets
- Burroughs, Inc
- Industry
- Professional Services
- Location
- Canada
- Transaction Type
- Buyout
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