Key Takeaways
- Loomis acquired Transportadora del Interior, Grupo Coinag for $19.4M.
- Sector: Business Services, Financial Services & Fintech, Transport Infrastructure & Services (traditional).
- Geography: Argentina.
Analysis
Loomis, a global leader in cash management and payment services, is significantly bolstering its presence in Argentina through the acquisition of Transportadora del Interior. This strategic move, valued at approximately ARS 27.5 billion (roughly SEK 180 million), is set to enhance Loomis's operational footprint in two of Argentina's most economically vital provinces, Santa Fe and Córdoba.
The transaction, which is anticipated to conclude in the third quarter of 2026, involves acquiring Transportadora del Interior from its current owners, Grupo Coinag, and other minority shareholders. This acquisition is projected to be accretive to Loomis's operating profit, signaling a positive financial outlook for the integration.
Established in 2018, Transportadora del Interior has rapidly developed a strong regional presence, offering essential cash-in-transit and comprehensive cash management solutions to a diverse clientele, including financial institutions and retail businesses. The company operates from its headquarters in Rosario, Santa Fe, managing three strategically located branches and employing a dedicated workforce of around 200 individuals, supported by a modern fleet.
In the fiscal year 2025, Transportadora del Interior generated revenues approximating ARS 14.6 billion (approximately SEK 96 million). This financial performance underscores the target company's established market position and revenue-generating capabilities, making it an attractive addition to Loomis's existing Argentine operations.
This acquisition aligns perfectly with Loomis's overarching strategy to deepen its engagement in dynamic Latin American markets. By integrating Transportadora del Interior, Loomis will extend its reach to Argentina's three largest urban centers – Buenos Aires, Córdoba, and Rosario – and their surrounding economic zones. This expansion is expected to unlock new avenues for growth, particularly by enhancing services for small and medium-sized enterprises and broadening the deployment of automated solutions.
Aritz Larrea, President and CEO of Loomis, commented on the strategic importance of the deal, stating, "Through the acquisition of Transportadora del Interior, we expand our presence in Latin America into two of Argentina’s economically strongest areas. We look forward to working with the team to further develop the business and enable additional growth." The acquired entity will be seamlessly integrated into Loomis Argentina and will fall under the reporting structure of the Europe and Latin America segment.