M&A Deal Summary

Loomis Acquires CIMA

On July 18, 2023, Loomis acquired electrical equipment company CIMA for 132M EUR

Acquisition Highlights
  • This is Loomis’ 1st transaction in the Electrical Equipment sector.
  • This is Loomis’ largest (disclosed) transaction.
  • This is Loomis’ 1st transaction in Italy.

M&A Deal Summary

Date 2023-07-18
Target CIMA
Sector Electrical Equipment
Buyer(s) Loomis
Deal Type Divestiture
Deal Value 132M EUR

Target

CIMA

Villanova, Italy
CIMA S.p.A. is an Italian commercial motor manufacturer. CIMA was founded in 1977 and is based in Villanova, Italy.

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Buyer(S) 1

Buyer

Loomis

Stockholm, Sweden

Category Company
Founded 1852
Sector Financial Services
Employees21,000
DESCRIPTION

Loomis is a multinational company specializing in cash handling services, including cash-in-transit, cash management, ATM services, international valuables logistics, and payment solutions through its Loomis Pay platform. The Company traces its origins to 1852 and was established in its current form in 2008 following a spin-off from Securitas AB. Loomis is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 6 of 7
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 5 of 5
Country: Italy M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 SecurePost

Oensingen, Switzerland

SecurePost contributes, in addition to traditional cash in transit (CIT) and cash management services (CMS), with an installed base of some 1,300 smart safes that will be integrated into Loomis' Swiss SafePoint portfolio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-06 Burroughs

Farmington Hills, Michigan, United States

Burroughs is a provider of cash automation and payment solutions, offering services such as maintenance, remote monitoring, and managed services for ATMs, teller cash recyclers, kiosks, and other self-service financial equipment. Burroughs was formed in 2010 and is based in Farmington Hills, Michigan.

Buy $72M