Elmhurst, IL – Burroughs, Inc., the largest independent service provider in North America for the full lifecycle management of payment and transaction automation, unattended self-service technology, robotic automation systems, and connected IoT technology, has entered into a strategic agreement to be acquired by Loomis, a leader in the cash management and payments industry.
This trailblazing partnership aligns with Loomis' strategy to broaden its ATM and Automated Solutions service offering within the U.S. and is in line with Burroughs’ continued strategy to diversify its service and solutions offering across all of its chosen end markets and applications in the U.S. and Canada.
“Loomis is excited to enter into this collaborative partnership with Burroughs to strengthen our ATM and Automated Solutions strategy,” said Björn Züger, Loomis US President & CEO. “Burroughs’ is a proven service leader in the U.S. and Canada with their impressive and diverse portfolio, along with their expansive service footprint is complementary to Loomis’ growth trajectory. We not only are supportive of the Burroughs strategy but look forward to partnering with the Burroughs team to enhance its outcomes to the market.”
Burroughs digital-first including on-site, first-and second-line service offering across payment and transaction automation, unattended self-service technology, robotic automation systems, and connected IoT technologies coupled with their approach to predictive maintenance, remote monitoring, and depot repair will allow the company and Loomis to offer a comprehensive service model targeted at ATMs and Automated Solutions in the financial institution and retail environment, that is second to none.
Anson Martin, Burroughs CEO, said “Throughout our nearly 140-year history, we have evolved into the largest independent service provider in North America. Our long-term growth strategy, commitment to innovation, focus on digital-first service, and continued investment in our team members remain our priorities. This acquisition by Loomis will enhance our day-to-day operations, and our collective partnership will allow us to leverage each other’s best practices, diverse customer base, industry expertise, and scale so we can continue to do what we do best - providing unmatched full lifecycle service and support to all our customers and applications we service.”
The acquisition is expected to be finalized by the end of Q2-2025.
Read the full announcement here.
