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Gunnebo AB

Company type	Publicly-traded limited company
Traded as	OMX: GUNN
Industry	Security
Headquarters	Gothenburg, Sweden
Area served	Worldwide
Key people	Per Borgvall (Predident & CEO)
Products	Cash handling Physical security Electronic security Entrance control
Revenue	€585 million[1] (2011)
Number of employees	5,800 (December 2012)
Website	www.gunnebogroup.com

Gunnebo (OMX: GUNN) is a multinational corporation headquartered in Gothenburg, Sweden specialising in security solutions mainly in the areas of cash handling, physical security, electronic security and entrance control.

Gunnebo has operations in 32 countries with approximately 5800 employees (December 2012) and a reported global revenue of €585 million for 2011^[1].

Gunnebo has been listed on the Stockholm Stock Exchange in Sweden since 1993 and can be found on the NASDAQ OMX Nordic Exchange Stockholm in the Mid Cap Industrials segment.

History

Gunnebo has its roots in the village of Gunnebo in south-east Sweden, where Hans Hultman created a forge in 1764 ^[2]. Over the years this grew into a manufacturing business making nails and chains which later became Gunnebo Engineering.

Gunnebo AB (aktiebolag) was founded in 1995 when investment company HIDEF Capital AB changed its name to Gunnebo AB after having acquired Gunnebo Engineering^[3] . At this point the company choose to focus on security and began a series of major acquisitions (see below).

In 2005, Gunnebo Engineering was split off from Gunnebo AB.

Major Acquisitions

Products

Cash Handling

In the USA and Eurozone, 80% of transactions are still made using cash^[4] . Cash handling 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 handling encompasses products for cash transfer, cash desposit, cash recycling, coin roll dispensing and the management of cash handling processes.

Physical Security

Physical security products include 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^[5] . 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 physical security products under three different brands: Chubbsafes, Rosengrens 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 Control

Entrance control products include 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.

Geographies

Gunnebo AB has subsidiaries in 32 countries:

Americas

• Brazil
• Canada
• Mexico
• USA
  

Asia-Pacific

• Australia
• China
• India
• Indonesia
• Malaysia
• New Zealand
• Singapore
• Vietnam
  

Europe, Middle East, Africa

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

References

External Links

• Official website