Gunnebo acquires the Security Products division from Australian API Security Holdings
Gunnebo security group has acquired the Security Products division from Australian API Security Holdings. Through this acquisition, Gunnebo becomes the leading supplier of secure storage products and cash handling solutions also to the retail and commercial sector in Australia.
The acquired division has an annual turnover of MEUR 9 and 45 employees. It manufactures, sells and installs safes, vaults and other specialist security containers primarily within the governmental and commercial sectors. It also develops, manufactures, sells and service cash management solutions for retail and convenience operations.
“Through this acquisition, we have doubled the size of our Australian business and significantly enlarged Gunnebo Australia’s client base within the Business Area Bank Security and Cash Handling. We are now the market leaders in providing physical security solutions to banks, the governmental and the commercial sector, and also a major provider of cash handling products to retailers and other business reliant on the efficient automation of cash transactions”, says Dan Turner, Country Manager Gunnebo Australia.
“The acquisition is in line with our strategy to boost growth on our main markets in Asia/Pacific. The customer base and product portfolio we now have gained will also support us in strengthening our position as a security service provider in Australia”, says Gunnebo’s President and CEO Per Borgvall.
GUNNEBO AB (publ)
Group Communications
For further information, please contact:
Per Borgvall, President & CEO Gunnebo AB, tel. +46 31 83 68 00, or
Dan Turner, Country Manager Gunnebo Australia, mobile: +61 419 74 98 53, or
Karin Wallström, Communication Manager Gunnebo AB, tel. +46 31 83 68 06, mobile: +46 708 28 33 39, or e-mail karin.wallstrom@gunnebo.com,
www.gunnebo.com
Gunnebo AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.01 CET on September 1, 2010.
Gunnebo security group has an annual turnover of MEUR 640 and 5,900 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.