Gunnebo Group

Gunnebo AB (publ)

Type	Publicly traded limited company
Traded as	OMX: GUNN
Industry	Security
Headquarters	Gothenburg, Sweden
Area served	Worldwide
Key people	Henrik Lange (President & CEO)
Products	Cash Management Entrance Security Safes & Vaults Electronic Security
Revenue	€660 million (2015)
Number of employees	5,500 (January 2016)
Website	www.gunnebogroup.com www.gunnebo.com

Gunnebo (OMX: GUNN) is a multinational corporation headquartered in Gothenburg, Sweden, specialising in security products, services and solutions mainly in the areas of cash management, entrance security, electronic security and safes & vaults.

The Gunnebo Group has operations in 32 countries with approximately 5,500 employees (Jan 2016) and a reported global revenue of €660 million for 2015.^[1]

Gunnebo has been listed on the Stockholm Stock Exchange in Sweden since 1994 and can be found on the NASDAQ OMX Nordic Exchange Stockholm in the Mid Cap Industrials segment.

History

Origins

Gunnebo has its roots in the village of Gunnebo in south-east Sweden, where Hans Hultman created a forge in 1764.^[2] This small business grew steadily until the formation of Gunnebo Bruks Nya AB in 1889. This company later became known as Gunnebo Industries.^[1]

Becoming a Listed Company

In 1991 HIDEF Kapital AB was formed by the Swedish government as one of eight venture capital companies charged with investing in Swedish companies suffering from the national financial crisis.^[1] HIDEF became a listed company on the Swedish Stock Exchange in 1994 and one year later took the name of one of its acquisitions, Gunnebo Industries, to become Gunnebo AB (aktiebolag).^[3]

Expansion Through Acquisitions

At this point Gunnebo began a series of major acquisitions and bought several companies focused on security from sectors such as safes & vaults, cash management, entrance security and electronic security (see section below).

In 2005, Gunnebo Industries and its traditional fencing business was divested from Gunnebo AB.

In 2006, the 30 or so acquisitions made between 1994-2004 were brought fully under the umbrella of Gunnebo to create sales companies in 29 different markets around the globe. As the Group developed in growth markets, these were added to through the creation of Gunnebo China (2010), Gunnebo Brazil (2011), Gunnebo Malaysia (2011) and Gunnebo South Korea (2013).

Brands

The Gunnebo Group owns several major brands within the field of security.^[1]

Major Acquisitions

Products

Cash Management

Cash management products provide security for those parties involved in the cash handling chain. Typically these include central banks, retail banks, retailers and cash-in-transit (CIT) companies.

Cash management encompasses products for cash transfer, cash desposit, cash recycling, coin roll dispensing and the management of cash handling processes.

Safes & Vaults

Includes safes, safe deposit lockers and strongrooms. To determine the level of security provided by a safe or vault, there is a grading system from I-XII. A grade is always awarded by an independent body (European Certification Body).^[4] Safes with grades up to III are typically used by retailers or in offices, whereas banks tend to use safes and vaults with much higher grades.

Safes can also be constructed to withstand fire and therefore can also carry a fire protection grade. This denotes the type of contents which can be protected (either paper or data media) and the duration of protection (half an hour, one hour or two hours).

Gunnebo markets its safes and vaults under two major brands: Chubbsafes and Fichet-Bauche.

Electronic Security

Electronic security covers CCTV and remote surveillance systems, access control systems, such as smart card readers or fingerprint readers, and electronic locking systems. It also typically includes the integration of such systems with one another.

Entrance Security

Entrance security products include interlocking doors, turnstiles and other entrance systems which only allow entry to authorised individuals. These are used, for example, in mass transit public transport systems or at stadia to allow passage to only those people carrying a valid ticket. Entrance control is also used in airports to facilitate boarding and immigration control, and to prevent passengers returning from landside to airside.

Locations

Gunnebo AB has subsidiaries in 32 countries:^[1]

Americas

• Brazil
• Canada
• Mexico
• USA

Asia-Pacific

• Australia
• China
• India
• Indonesia
• Malaysia
• New Zealand
• Singapore
• South Korea

Europe, Middle East, Africa

• Austria
• Belgium
• Czech Republic
• Denmark
• France
• Germany
• Hungary
• Ireland
• Italy
• Luxembourg
• Netherlands
• Norway
• Poland
• Portugal
• South Africa
• Spain
• Sweden
• Switzerland
• UK
• United Arab Emirates

References

External links

• Official website
• Investor Relations website