Loomis enters Peru through the intended acquisition of Hermes Transportes Blindados via a public tender offer

Loomis AB has announced a significant acquisition in the cash management sector, entering into a Tender Offer Agreement (TOA) to acquire Hermes Transportes Blindados S.A. for an enterprise value of approximately SEK 4 billion (around $4 billion). The deal, which involves CVC Capital Partners and other minority shareholders representing 99.49 percent of Hermes' outstanding shares, is expected to culminate in a public tender offer for up to 100 percent of the company's shares. The transaction is anticipated to close in the third quarter of 2026.

Founded in 1985 and headquartered in Lima, Peru, Hermes is a leading provider of cash management and secure logistics services in the region. The company operates 19 branches across Peru and employs approximately 3,200 people, serving around 1,000 clients across various sectors, including financial services, retail, government, and mining. In 2025, Hermes reported revenues of PEN 432 million (approximately SEK 1.2 billion), showcasing its robust position in the market. The acquisition marks Loomis' strategic entry into the Peruvian market, aligning with its goal of expanding in emerging Latin American economies.

The strategic rationale behind this acquisition is multifaceted. Loomis aims to strengthen its foothold in Latin America, a region characterized by high cash usage and strong economic growth. The acquisition of Hermes not only enhances Loomis' existing cash-handling automation solutions but also provides opportunities for growth within the small and medium-sized enterprise (SME) segment. Additionally, the partnership is expected to bolster Loomis' service offerings in the mining sector, leveraging Hermes' established logistics capabilities to support cross-border operations.

The transaction is structured to be immediately accretive to Loomis' operating profit and earnings per share, financed entirely through a committed bridge facility. Following the successful completion of the tender offer, Hermes will be integrated into Loomis' Segment Europe and Latin America, further consolidating the company's position in the cash management industry. Importantly, no regulatory approvals are required for the completion of this acquisition, streamlining the process for Loomis.

This acquisition reflects broader trends in the cash management sector, where companies are increasingly seeking to expand their geographic reach and service capabilities. As cash usage remains prevalent in many emerging markets, the demand for secure logistics and cash management services is expected to grow. Loomis' strategic move into Peru positions the company to capitalize on this trend, potentially setting the stage for further expansion in Latin America and beyond.