Retailer Places €14M Order for Cash Management from Gunnebo
A large retailer in Europe has placed an order for Gunnebo’s intelligent cash deposit machines and related services worth 14 M€ over the next five years.
The retailer, which has a pan-European presence, ordered over 1,000 Gunnebo SafeDeposit machines, with roll-out starting December 2018.
“The customer is part of a growing move among retailers to benefit from the pre-crediting services enabled by Gunnebo’s smart deposit machines,” says Tomas Wängberg, Senior Vice President Cash Management at Gunnebo.
With pre-crediting, cash is counted and credited immediately to the retailer’s bank account through Gunnebo’s SafeDeposit machines and software. CIT delivers the cash physically to the bank at a later date.
The customer chose Gunnebo over the competition because Gunnebo has a presence in many European countries and has the potential to support retailers with solutions that work in many markets.
GUNNEBO AB (publ)
For more information, please contact:
Tomas Wängberg, SVP Business Unit Cash Management, tel. +46 705 94 24 44, or
Karin Wallström Nordén, SVP Marketing & Communications Gunnebo AB,
tel. +46 708 28 33 39
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.