THE ACQUISITION OF GARNY SICHERHEITSTECHNIK IS ACCOMPLISHED
THE ACQUISITION OF GARNY SICHERHEITSTECHNIK IS ACCOMPLISHED The previously announced acquisition of Garny Sicherheitstechnik is now accomplished. Gunnebo has, through its subsidiary E A Rosengrens, acquired all the shares in Garny Sicherheitstechnik. The seller is Garny AG, a subsidiary to the British company De La Rue. The take-over, which took place August 5, 1998, has been approved by the shareholders meeting of Garny AG and also by the German competition authority. Garny Sicherheitstechnik is the leading manufacturer of safes and security products for the banking sector in Germany with a turnover of some MSEK 300, and about 300 employees. The business is located in Mörfelden outside Frankfurt. Including this acquisition, the business area Gunnebo Security will be the leading manufacturer of security products in Europe, with an annual turnover of more than MSEK 900. For Gunnebo Security, the acquisition also offers a larger production- basis and access to the important German market. Göteborg August 5, 1998 GUNNEBO AB Information For further information please contact: Bjarne Holmqvist, President and CEO Gunnebo AB, tel +46(0)31-83 68 00 Gunnebo AB is an international engineering group listed on the Stockholm Stock Exchange A-list. The Group is a leading manufacturer of products for security and fastening technologies, as well as products for automotive and general engineering industry. The Group comprises Gunnebo Industrier, Gunnebo Perimeter Protection, Gunnebo Security and Gunnebo Gnosjö. Gunnebo has companies in 20 countries in Europe, North America, South America, Asia, Africa and Australia and has totally 3 600 employees. The Group has an annual turnover of about MSEK 4 000, with sales outside Sweden accounted for about 70 per cent. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/07/20040107BIT00830/wkr0001.doc http://www.waymaker.net/bitonline/2004/01/07/20040107BIT00830/wkr0002.pdf