Loomis acquired the cash transportation and management division of Seguridad Integral Canaria, which was facing serious economic difficulties that complicated the demanding task of transporting cash and other valuables that require very high security, reliability and solvency. In the summer of 2019, the acquisition was closed with the aim of establishing itself in the Canary Islands.
To meet this challenge, Loomis has invested more than 6 million euros and has subrogated some 140 workers, establishing offices in Lanzarote, Gran Canaria, Fuerteventura, Tenerife and La Palma.
Since its arrival in the Canary Islands, Loomis has made a strong investment with the aim of developing its activity in the Canarian market with the same quality and guarantees as in the rest of the national territory, both for its clients and its workers. Among other things, it acquired a fleet of more than ten vehicles, including armored and light vehicles, as well as machinery for the cash management and transportation department. The workers received tools to be able to carry out their work with the greatest guarantees for the clients of Lanzarote and the rest of the archipelago.
Loomis has a new office in the Díaz Casanova Industrial Estate, in Gran Canaria, in which it has invested more than 1 million euros. The platform, of nearly 1,900 square meters, is the second largest in size and technical equipment of Loomis in Spain.
This platform is equipped with the latest technology and prepared to introduce electric vehicles, which results in an improvement of working conditions. In the cash management part, the facilities are prepared to almost double the volumes handled so far.
Loomis works under the supervision of the Bank of Spain to maintain auxiliary cash deposits (SDA) in its facilities in Madrid. In turn, Loomis has a broad portfolio of retail that includes the main national chains. It has adapted solutions for cash transportation, cash management, SafePoint, deposit and custody of securities.
About Loomis
Loomis, of Swedish origin, has a long history in cash management with international presence in more than 20 countries and with nearly 400 branches, which consolidates it as a leader in Europe and in the USA, with presence in Latin America.
Loomis has a structure in Spain of more than 37 offices that allow it to provide service throughout the Iberian Peninsula.
It has a total of 18 processing centers equipped with the latest technology to process and manage the cash deposited by customers, with online information throughout the process.
In order to offer maximum efficiency and operational quality to its customers, it has the best team of professionals, specialized in each of the different areas that make up the business, which allows them to continuously improve all their processes.
