Loomis enters agreement to acquire 100% of Burroughs for initial price of $72M

Written by Emily J. Thompson, Senior Investment Analyst

Updated: May 06 2025

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Acquisition Details: Loomis has agreed to acquire Burroughs, Inc. for an initial price of $72 million, with potential additional earn-outs, to enhance its ATM and Automated Solutions services in North America.
Business Impact: The acquisition is expected to be accretive to Loomis' operating profit and earnings per share, with Burroughs continuing to operate under its current management and contributing to the company's growth strategy.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.