Deal Snapshot
LOOMIS ACQUIRES FINNISH ATM NETWORK AUTOMATIA
Friday 28 February 2020

Sweden-based Loomis AB has agreed to acquire Finnish ATM network Automatia Pankkiautomaatit Oy (Automatia), operating under the Otto brand, for EUR 42m (USD 46m), the company said.

Closing will take place after approval, which is estimated to take around 5 months. The purchase price is payable on closing. Automatia was acquired from present owners Danske Bank, Nordea and OP Financial Group.


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Details
Date Published: 28/02/2020
Target: Automatia Pankkiautomaatit Oy (Automatia)
Country: Finland
Deal Size: 46m (USD)
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: Loomis AB
Comment:


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