Nokas Optimering & Lager AB

What Nokas Optimering & Lager AB does

Nokas Optimering & Lager AB, operating under the Nokas brand and legally as Nokas Verdihåndtering AS, is a Scandinavian cash handling and value transport specialist headquartered in Hägersten, Sweden, with primary operations in Norway. Founded in 2001 by Norges Bank and several major commercial banks, the company is now owned by AVARN Security AS. Nokas serves banks, retail businesses, and public sector entities with end-to-end physical cash management services, and it is the only bank-independent Independent ATM Deployer (IAD) and the second-largest ATM operator in Scandinavia.

The company's core offering spans secure cash-in-transit, automated cash deposit and withdrawal solutions (autoCash Drop, autoCash Multi, autoCash Retail), ATM deployment and operation as a bank-neutral IAD, currency exchange, and special transport of valuables. It operates approximately 1,000 ATMs across Scandinavia (300 in Norway) and maintains a nationwide Norwegian logistics network covering the country from Lindesnes to Hammerfest. The technology backbone includes automated cash processing systems, the Nokas Cash Portal customer platform (replacing the legacy webCash portal), ISO 14001:2015-certified environmental management, and GDPR-compliant data processing. Wholly-owned subsidiaries structure operations across Norway, Sweden (Nokas Värde AB, Nokas Security AB, Nokas Teknik AB), Denmark (Nokas CMS Danmark A/S, Nokas Kontantservice P/S), and a Finanstilsynet-licensed currency entity (Nokas Valuta AS) established in March 2024.

Nokas generates revenue through direct service contracts with banks (coreCash, autoCash Bank, technical ATM services), retail cash handling subscriptions and per-transaction fees, ATM interchange and commissions shared with host merchants, currency exchange margin (now run through Nokas Valuta AS), and special transport fees. Pricing is quote-based and not publicly disclosed; customers are directed to the customer service center at +47 915 02580 or the Nokas Cash Portal. Go-to-market relies on direct enterprise sales, a self-serve online portal, and a press/media-relations function. Following a 2021 leadership change, the company articulated a strategic ambition to evolve from a Norwegian cash specialist into a pan-European payment provider bridging cash and digital payments.

Name

Nokas Optimering & Lager AB

Legal name

Nokas Verdihåndtering AS

Website

https://nokas.se

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Nokas Optimering & Lager AB (Nokas Verdihåndtering AS) is a Scandinavian cash handling specialist providing ATM deployment (~1,000 machines across the Nordics), secure cash-in-transit, automated cash deposit solutions, currency exchange, and valuables transport for banks, retailers, and public entities.

Ownership category

akta.pro rank

Product category

Cash Handling Services

akta.pro primary industry

ATM Deployers & Managed ATM Services (IAD/ISO) (FSAMAOAC)

akta.pro secondary industries

Cash Access & Cardless ATM Withdrawal Services (FSAMAOAJ), Retail Cash Deposit & Smart Safe / Cash Recycling Solutions (FSAMAOAG)

Keywords

• Cash handling services
• ATM deployment
• Value transport
• Currency exchange
• Secure cash logistics

Headquarters

HQ city

Hägersten

HQ country

Sweden

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Distribution channels4 records

Marketing channels4 records

Core offering

Nokas provides secure cash handling and value transport services across Scandinavia, converting physical cash into electronic values and vice versa. The company operates a bank-independent ATM network of approximately 1,000 ATMs across Norway, Sweden, Denmark, and Finland, and offers cash transport, cash deposit and delivery, automated cash processing solutions (autoCash Drop/Multi/Retail/Bank), special transport of valuables, and currency exchange services to banks, retailers, and public sector entities.

Product overview

Nokas provides a comprehensive suite of cash handling and value management services across Scandinavia. The core offering consists of ATM/minibank operations (approximately 1,000 ATMs across Norway, Sweden, Denmark, and Finland), cash deposit services (Levere oppgjør), cash delivery (Levering av veksel), and automated cash handling solutions (autoCash Drop, Multi, and Retail). The company serves banks with specialized services including coreCash, autoCash Bank, and bank-neutral IAD solutions. Additional services include special transport of valuables and currency exchange. Customer access is provided through the Nokas Cash Portal platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Minibank (ATM Deployment and Operation) ATM deployment and operation services for the Scandinavian market. Nokas places and operates bank-neutral ATMs in retail locations, shopping centers, and transportation hubs, enabling cash withdrawal (and select currency exchange) for the general public. ATMs are operated under an Independent ATM Deployer (IAD) model with commissions shared with host merchants.
• Levere oppgjør (Cash Deposit) Cash deposit service that enables businesses to deposit daily cash receipts through secure safes and automated systems, with reconciliation managed by Nokas.
• Levering av veksel (Cash and Change Delivery)
• Automatiserte tjenester (Automated Cash Services)
• Kontanttjenester for bank (Cash Services for Banks)
• Spesialtransport (Special Transport of Valuables)
• Valuta (Currency Exchange)
• Nokas Cash Portal

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• G4S (Allied Universal): G4S, now part of Allied Universal, historically operated a sizable cash solutions and ATM outsourcing business across Europe including the Nordics. It is comparable to Nokas as a broad security and cash-services incumbent with overlapping cash logistics capabilities.
• Securitas AB: Securitas is a Sweden-headquartered global security services firm that also operates cash handling and secure logistics as part of a wider security portfolio - overlaps with Nokas's security, monitoring, and cash transport offerings but as part of a much larger, diversified incumbent.
• NCR Atleos: NCR Atleos is a global ATM hardware, services, and ATM-as-a-Service provider. It competes with Nokas's bank-neutral IAD/ATM management offerings at the bank-outsourcing layer and supplies/administers cash machines that Nokas services.
• Diebold Nixdorf: Diebold Nixdorf is a global provider of ATMs, cash recycling hardware, and banking self-service infrastructure. It is comparable to Nokas via Nokas's autoCash Drop/Multi/Retail cash-recycling product line and via shared bank customers using Diebold-supplied terminals.

Direct peers

• Prosegur Cash: Prosegur Cash is a Spain-based global cash-in-transit and ATM outsourcing specialist with similar end-to-end cash cycle services (transport, processing, ATM management, retail cash automation) - a direct competitor in European cash logistics.
• Brink's Company: Brink's is a global provider of cash management, ATM services, and secure logistics. It competes directly with Nokas in value transport, ATM management, and currency handling across European markets, making it a structurally comparable operator.
• Loomis AB: Loomis is a Sweden-headquartered global cash handling, CIT, and ATM services company - the most direct competitor to Nokas in Scandinavian cash logistics and ATM operations, with overlapping product set (cash-in-transit, cash management, ATM services) and overlapping Nordic footprint.

Regional players

• Loomis Pay (formerly Loomis Sverige) / Bankomat AB: Bankomat AB operates a Swedish bank-shared ATM network comparable to the bank-neutral IAD positioning that Nokas occupies in Scandinavia; it is a regional ATM-network peer with overlap in consumer-facing cash access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nokassverige

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

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