Gunnebo sells Perimeter Security business
Gunnebo security group has signed an agreement to sell its Perimeter Protection business unit to Procuritas Capital Investors IV.
The Perimeter Protection operations primarily entail the production and sale of, and projects relating to, high security products, gates, fencing, posts and related service in Germany, France, Sweden, Norway, Denmark, Finland and a number of export markets. The business area has 400 employees and annual net sales of approximately MEUR 70. Gunnebo remain with minor shareholding and some financing.
“The sale of Perimeter Protection is in line with our strategy, which entails focusing and refining the Group’s operations around the core business areas of Bank Security & Cash Handling, Entrance Control, Secure Storage and Services”, says Gunnebo President and CEO Per Borgvall. “With Procuritas Capital Investors IV as the owner, Perimeter Protection will have the right foundation to further develop its business in line with its own clearly defined agenda.”
The sale is expected to be finalised during the third quarter of 2011.
GUNNEBO AB (publ)
Group Communications
For further information, please contact:
Tomas Wängberg, SVP Developing Businesses Gunnebo AB, tel. +46 (0)10 2095 030, or
Karin Wallström, Director of Group Communications Gunnebo AB, tel. +46 (0)10 2095 026, or e-mail: karin.wallstrom@gunnebo.com
The information is such that Gunnebo is obliged to make it public in accordance with the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on July 26, 2011 at 08.01 CET.
Gunnebo security group has an annual turnover of MEUR 650 and 5,700 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.
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