Gunnebo Wins Order with Chennai Metro

Gunnebo Security Group has, through its subsidiary Gunnebo India, signed an order with Chennai Metro Corporation to supply entrance control solutions for one of its new lines.

Gunnebo’s reputation for supplying reliable and durable entrance control solutions to the metro sector around the globe helped Gunnebo India secure the order. The initial order amounts to over 200,000 EUR and consists of flap-gate units to metro gates to be supplied over the coming months. The order will be produced and supplied from Gunnebo’s Chinese factory in Kunshan.

“This order is of great strategic importance for Gunnebo since it establishes us as a provider of entrance control solutions to the Indian metro sector,” comments Gunnebo’s President and CEO, Per Borgvall. “Over the coming two to three years we expect many important infrastructure projects to be carried out in India, including several large metro projects.”

The solution ordered by Chennai Metro Corporation was initially designed for the KCRC metro system in Hong Kong. Since then it has been installed in multiple high-volume, mass-transit networks in China as well as in several other countries including Singapore, Sweden, Spain and Colombia.

GUNNEBO AB (publ)
Group Communications

For more info on Gunnebo’s solutions within entrance control, please visit: www.gunnebo.com/entrancecontrol

For further information, please contact:

Per Borgvall, President and CEO Gunnebo AB, tel. +46 10 2095 000, or
Karin Wallström, Communication & IR Director Gunnebo AB, tel. +46 10 2095 026, or e-mail: karin.wallstrom@gunnebo.com

www.gunnebogroup.com

The Gunnebo Security Group provides efficient and innovative security solutions to customers around the globe. It employs 5 800 people in 31 countries across Europe, Asia, Africa, Australia and Americas, and has a turnover in excess of €580m. Gunnebo focuses its global offering on Bank Security & Cash Handling, Secure Storage, Global Services and Entrance Control.

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The Gunnebo Group 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 (36% of Group sales), Cash Management (21%) Entrance Control (20%), and Integrated Security (23%). In 2018, Gunnebo's continuing operations had a turnover of MSEK 5,100 generated by 4,500 employees located in 25 countries across Europe, the Middle East, Africa, Asia-Pacific and the Americas.

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