As part of Gunnebo’s strategic aim to focus on its core business, an agreement has been signed to sell the Iberian integrator business for electronic security to Spanish security company Trablisa. The transaction is expected to be closed later this week.
The transaction is in line with Gunnebo's strategy to create more focus on Business Units: Entrance Control, Safe Storage and Cash Management. It is also the result of the ongoing evaluation being carried out to secure the profitability potential of each operation within the Business Unit Other Business.
“The transaction is in line with our strategic path and is another step towards a more focused business in Gunnebo. I find it very satisfying that we will close this transaction with Trablisa, a committed, long-term industrial owner. Trablisa, with its expertise and knowledge in the security industry, has every potential to continue developing the business to the benefit of our employees and customers,” says Stefan Syrén, President and CEO of Gunnebo Group.
“We are very pleased to have reached an agreement to acquire Gunnebo’s Integrator business for electronic security in Iberia. It complements both our product offering and our geographic coverage in Spain and Portugal. By adding their innovative solutions portfolio and Security integrator capabilities. Both together will achieve great commercial synergies to grant our growth and leading position. Trablisa has a very strong platform to continue our successful path,” says Alberto Bordoy, CEO of Trablisa.
The transaction in brief
Divested operation: Gunnebo España S.A. and Gunnebo Portugal S.A.
Business focus: Electronic Security
Area and employees: Spain and Portugal, approx. 190 employees
Closing date: The transaction is expected to be closed later this week
For further information, please contact:
Stefan Syrén, President and CEO, Gunnebo, phone +46 (0)10-20 95 014
Isabelle Ljunggren, Director Investor Relations, Gunnebo phone +46 (0)10-20 95 099
The Gunnebo Group operates worldwide providing innovative products, software and services to control the flow of valuables, cash and people. Gunnebo offers entrance control, safe storage, cash management and integrated security solutions to customers primarily within retail, mass transit, public & commercial buildings, industrial & high-risk sites and banking. The Group has a turnover of MSEK 5,500 and is listed on NASDAQ Stockholm. www.gunnebogroup.com