We have now left 2019 behind, which was an eventful year for Gunnebo. The Business Unit structure was finalised, and our regional organisations were phased out. I also communicated the implementation of a smaller, more focused management team. The feedback from our customers on the new organisation has been positive, and employee surveys show increased engagement from our employees. We closed the acquisition of Cominfo and integrated the business into Entrance Control, launched a cost efficiency programme in July 2019 – which is now being realised according to plan and will take full effect from the second half of 2020 – and carried out a rights issue, which contributed MSEK 351 in the third quarter.
I am convinced that in 2020, Gunnebo will see positive effects of the change. I look forward to managing this change project together with the executive team and the group's employees, with our sights set on profitable growth.
Partnerskapet med Ferrimax visar att vi har ett bra tempo på implementeringen av vår strategi att etablera en partnerskapsmodell för försäljning och leverans på strategiska marknader i Europa.
We are delighted to partner with Loomis, a well-known specialist in creating efficient cash flow and handling of cash. Together, we are leveraging the experience of two industry leaders to provide existing and new retail customers a collaboration of the highest service levels combined with a world-class smart deposit solution.
With Gunnebo as our partner, we are able to expand our current portfolio of cash automation solutions and provide a compact, high-performance cash-handling option to retailers with low cash volumes.