Loomis AB Expands Its Pharma Services with New Acquisition
Loomis AB Enhances Its Pharmaceutical Logistics
Loomis AB has made a significant step in expanding its Pharma business by acquiring Kipfer-Logistik GmbH, a company based in Switzerland that specializes in temperature-controlled transport and storage within the pharmaceutical and healthcare industries.
The Significance of the Acquisition
This acquisition marks a crucial growth phase for Loomis Pharma, as it integrates Kipfer-Logistik’s expertise in high-security and temperature-sensitive logistics. Kipfer-Logistik generated impressive revenues of around CHF 9 million in the previous year, showcasing its relevance in the logistics sector.
Strategic Benefits of the Partnership
By bringing Kipfer-Logistik under its umbrella, Loomis AB aims to enhance its service offerings to customers. Aritz Larrea, the President and CEO of Loomis, expressed confidence that this acquisition will provide clients with a more comprehensive range of services, underlining the strategic advantage this partnership brings.
Operational Impacts and Integration
The deal will allow Loomis to report the newly acquired business under its International division, which contributes significantly to the European and Latin American segments. This integration represents a consolidation effort for Loomis, enabling it to strengthen its market position effectively.
Anticipated Financial Growth
Additionally, the acquisition is projected to be beneficial to Loomis’s operating profit as well as the earnings per share for the year ahead. The move is a vital part of Loomis's strategic growth plan, enabling the company to better serve the increasing demand for pharmaceutical logistics.
What’s Next for Loomis?
As Loomis progresses with this acquisition, it will continue to focus on expanding its footprint in the healthcare logistics sector. Meeting the precise requirements for temperature-controlled transportation is crucial in ensuring the safety and efficacy of pharmaceutical products.
Customer-Centric Approach
Loomis's commitment to a customer-focused approach means that it will strive not only to enhance its operational capabilities but also to provide exceptional service quality. The integration of Kipfer-Logistik is expected to place Loomis in a stronger position to meet diverse customer needs in the pharma sector.
Company Contact Information
For any inquiries regarding this acquisition and Loomis's services, interested parties can reach out to:
Jenny Boström
Head of Sustainability and IR
+46 79 006 45 92
Frequently Asked Questions
What is the significance of the acquisition of Kipfer-Logistik?
The acquisition enhances Loomis's capabilities in temperature-controlled logistics within the pharmaceutical sector.
How will this acquisition impact Loomis's business?
It is expected to strengthen Loomis's market position and improve its operational profit and earnings per share in the coming year.
What services does Kipfer-Logistik provide?
Kipfer-Logistik specializes in temperature-controlled transport and storage specifically for the pharmaceutical and healthcare industries.
When will the acquisition be completed?
The transaction is anticipated to finalize shortly, subject to regulatory conditions being met.
Who should I contact for more information about Loomis?
Jenny Boström, Head of Sustainability and IR, is available for inquiries, providing her contact details for further assistance.
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