Loomis AB’s subsidiary in the U.S. has entered into an agreement with Jack in the Box’s National Franchise Association to place and service approximately 1,000 SafePoint units in the U.S. The contract runs over 5 years with total estimated revenue exceeding USD 18 million, corresponding to approximately SEK 150 million. The installation of the units is expected to start immediately and be completed before the summer 2016.
“We are excited about this specially designed program for the Jack in the Box National Franchise Association. This deal continues to validate the strength of our SafePoint solution and service network across the U.S.”, says Lars Blecko, Acting Group CEO and President Loomis US.
Jack in the Box, Inc. (NASDAQ:JACK), is headquartered in San Diego California and 72 per cent of its restaurants are owned by franchisees who are members of the Jack in the Box National Franchise Association. Through education, advocacy and sharing best practices, the NFA is committed to delivering critical services to its members.
Reza Khajavi, President of the Association said, “We are proud to represent our NFA members and introduce them to the Loomis SafePoint solution”.
Loomis US is committed to the growing interest in its SafePoint product. The recent release of the Titan SafePoint series combined with nationwide infrastructure and modern cash processing facilities provide capacity for further growth.