Transguard and Gunnebo Extend Cash Management Partnership

The Transguard Group, one of the largest business services companies in the Middle East, has signed an extended agreement with security supplier Gunnebo for efficient cash management solutions for retail. 

Transguard and Gunnebo have been cash management business partners since 2014. The partnership was born out of the growing demand in the Middle East for a cash management offering which combines automated cash handling processes with transportation, storage and counting services.

“As of today, we have installed over 600 units in the United Arab Emirates,” says Dr Abdulla, CEO of Transguard Group. “We receive extremely positive feedback from our clients. We have a lot of cash in circulation here in Dubai, and with the solution we have designed together with Gunnebo we can offer a process to manage cash that gives our retail customers improved efficiency as well as increased security.”

The partnership agreement that Transguard has now extended with Gunnebo also covers new installations. The first of these will be installed at Dubai Parks, a huge theme park which includes a Legoland and a Bollywood area.

“The cash management business has developed rapidly throughout the UAE over the last few years and we are looking forward to extending our partnership with Transguard, the UAE’s strongest player in this sector,” comments Gunnebo’s President and CEO, Henrik Lange.

GUNNEBO AB (publ)
Group Communication

For further information, please contact:

Henrik Lange, President & CEO, phone: +46 10 2095 000, or

Karin Wallström Nordén, SVP Marketing & Communications, phone + 46 708 283339, e-mail: Karin.wallstrom@gunnebo.com

www.gunnebogroup.com 

The Gunnebo Group is a global leader in security products, services and solutions with an offering covering cash management, safes and vaults, entrance security and electronic security for banks, retail, CIT, mass transit, public & commercial buildings and industrial & high-risk sites.

The Group has an annual turnover of €660 million, employs 5,500 people and has sales companies in 28 countries across Europe, Middle East & Africa, Asia-Pacific and the Americas as well as Channel Partners on over 100 additional markets.

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