Gunnebo Plans to Divest its Business in France, Belgium and Luxembourg
Gunnebo has signed an offer from global private equity firm OpenGate Capital to acquire Gunnebo’s business in France, Belgium and Luxembourg. Gunnebo intends to accept this offer, subject to works council consultation and antitrust clearance. The transaction is expected to be finalized during the fourth quarter 2018.The planned divestment is in line with Gunnebo’s strategy to create a more focused business around key Product Areas: Safe Storage, Cash Management and Entrance Control. The business in France, Belgium and Luxembourg is to a large extent a local integrator business, which is not