Loomis Strengthens Its Footprint in Argentina with Strategic Acquisition

Loomis Expands Its Presence in Argentina

In a significant strategic move, Loomis has finalized an agreement to acquire Transportadora del Interior S.A., a prominent cash management firm based in Argentina. This acquisition marks a crucial expansion for Loomis, enhancing their geographical footprint in Argentina, which is witnessing a burgeoning market for financial services.

Details of the Acquisition

The agreement, which includes Grupo Coinag and other minority shareholders, involves an enterprise value of ARS 27.5 billion (approximately SEK 180 million). Loomis anticipates that the deal will close in the third quarter of 2026, reinforcing its operations in the Latin American market.

Founded in 2018, Transportadora del Interior has established itself as a reliable provider of cash management services across the provinces of Santa Fe and Córdoba—two vibrant economic hubs in Argentina. The company not only offers cash-in-transit services but also tailors its offerings to meet the specific needs of financial institutions and the retail sector. Headquartered in Rosario, Santa Fe, Transportadora operates three branches and employs around 200 individuals, all while maintaining a modern fleet of vehicles.

Growing Importance of Argentina

With its robust presence in the country, Loomis has expanded significantly since its entry into Argentina in 2012. After the acquisition, Loomis will operate in Argentina's three largest cities: Buenos Aires, Córdoba, and Rosario. Aritz Larrea, the President and CEO of Loomis, expressed enthusiasm for this acquisition, emphasizing the potential growth opportunities as they tap into the economically strong areas of Argentina.

The acquisition aligns with Loomis’ ongoing strategy to focus on emerging markets, particularly in Latin America, which has been highlighted as a key area for growth during their fiscal planning sessions. By integrating Transportadora del Interior’s services into their existing framework, Loomis aims to bolster their operations, especially among small and medium-sized enterprises, while also enhancing automated solutions that streamline cash management.

Future Projections

The integration of Transportadora del Interior is expected to incrementally contribute to Loomis' operating profit (EBITA), reinforcing the company’s financial health. With revenues of approximately ARS 14.6 billion reported by Transportadora in 2025 (around SEK 96 million), the firm showcases a solid foundation that Loomis can build upon to achieve even greater success.

In conclusion, Loomis’ strategic acquisition of Transportadora del Interior not only signifies a robust expansion into the Argentine market but also emphasizes their commitment to enhancing service offerings and operational efficiency within crucial economic regions. As the deal progresses, all eyes will be on how Loomis manages this integration and capitalizes on the anticipated growth in one of the South American continent's key markets.

For further updates and more information regarding this acquisition, visit Loomis’ official website.