Under the agreement Loomis will be purchasing services from NCR in order to continue to offer its bank customers high quality service for their ATMs.

This partnership creates competitive benefits and enables Loomis to provide a unique offering of combined services. It also brings opportunities for new business in the UK.

In total around 150 technicians will have a new employer, although they will still be serving some of the same customers.

This transaction is the beginning of a process of efficiency improvements for the UK operation. Kenneth Högman, Regional President Northern Europe and Country President for Loomis UK Ltd is in charge of the process.

"This agreement gives us a partner with a strong technical service organization operating throughout the country. Together we can offer our customers a unique service concept for ATMs," states Kenneth Högman.