Gunnebo Closes the Divestment of its Business in France, Belgium and Luxembourg

The divestment of Gunnebo’s businesses in France, Belgium and Luxembourg, announced on July 17 2018, has now been approved by the relevant works councils and antitrust authorities. Following the approvals, Gunnebo closes the divestment as of today. The buyer is the global private equity firm OpenGate Capital.

The divestment is expected to generate a total transactional loss of approximately MEUR 65, of which approximately MEUR 20 is estimated to be cash out. These estimates are preliminary and subject to validation after closing.

GUNNEBO AB (publ)
Group Communications

For further information, please contact:
Henrik Lange, President & CEO, tel: +46 10 2095 045, or
Karin Wallström Nordén, SVP Marketing & Communications, tel: +46 10 209 5026 or e-mail: Karin.wallstrom@gunnebo.com 

www.gunnebogroup.com 

This information is information that Gunnebo AB is obliged to make public pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication at 16.22 CET on 3 December 2018.

Gunnebo AB (publ) is a leading, global security provider offering a range of sustainable security products, services and software to retail, mass transit, public and commercial buildings, industrial and high-risk sites, and banks. Gunnebo operates within four core business units: Safe Storage (35% of Group sales), Cash Management (22% of Group sales) Entrance Control (20% of Group sales), and Integrated Security (23% of Group sales). In 2017, Gunnebo continuing operations had a turnover of MSEK 4,900 generated by 4,400 employees located in 25 countries across Europe, the Middle East, Africa, Asia-Pacific and the Americas.

The discontinued business represented MSEK 1,130 turnover with 930 employees in three countries.

Gunnebo’s share (GUNN) is traded on NASDAQ Stockholm under Mid Cap and Industrials.