Gunnebo’s divestment of Perimeter Protection business finalized


Gunnebo Security Group has finalized the divestment of the business within Perimeter Protection to Procuritas Capital Investors IV.

Gunnebo Security Group has finalized the divestment of the business within Perimeter Protection to Procuritas Capital Investors IV.

On July 26, 2011, Gunnebo announced that the company had signed an agreement with Procuritas Capital Investors IV regarding divestment of the business within Perimeter Protection. All conditions related to the divestment have been fulfilled and the transaction is now finalized.

The purchase sum is based upon an Enterprise Value of MEUR 22*.

Gunnebo remains with a ten-percentage ownership and financing of MEUR 10, whereof MEUR 6 is long-term.

The transaction is estimated to have a marginal effect on the Group’s capital gain/loss.

Perimeter Protection has 400 employees and annual net sales of approximately MEUR 70. The operations primarily entail the production and sale of, and projects relating to, high security products, gates, fencing, posts and related service in Germany, France, Sweden, Norway, Denmark, Finland and a number of export markets.

* The purchase sum is dependent on a final calculation of financial net debt

GUNNEBO AB (publ)
Group Communications

For further information, please contact:

Tomas Wängberg, SVP Developing Businesses Gunnebo AB, tel +46 10 2095 030, or
Karin Wallström, Communication & IR Director Gunnebo AB, tel. +46 10 2095 026, or e-mail: karin.wallstrom@gunnebo.com

www.gunnebo.com

The information is such that Gunnebo is obliged to make it public in accordance with the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on September 15, 2011 at 09.37 CET.

 

Gunnebo security group has an annual turnover of MEUR 650 and 5,700 employees. We are suppliers of integrated security solutions for bank, retail and sites in need of high security protection. Our experience and presence make your world safer.

About Us

The Gunnebo Security Group is a leading global provider of efficient and innovative security solutions and services. It employs 5500 people in 31 countries across Europe, Asia, Africa, Australia and the Americas, and has a turnover of €540m. Gunnebo focuses its offering on Bank Security & Cash Handling, Secure Storage, Entrance Control and Global Services.