Gunnebo Group

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 control, safe storage and integrated security.

Gunnebo AB (publ)
TypePublicly traded limited company
OMX: GUNN
IndustrySecurity
HeadquartersGothenburg, Sweden
Area served
Worldwide
Key people
Stefan Syrén (President & CEO)
ProductsCash Management
Entrance Control
Safe Storage
Other Business
RevenueMSEK 5,500 (2019)
Number of employees
3,900 (September 2020)
Websitewww.gunnebogroup.com
www.gunnebo.com

The Gunnebo Group has operations in 25 countries with approximately 3,900 employees (September 2020) and a reported global revenue of MSEK 5,500 million for 2019.[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.[3]

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.[3] 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).[4]

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.

BrandProductMarketOrigin
ChubbsafesSafe storageGlobalUK. Founded 1818.
HamiltonSafe storageNorth AmericaUSA. Founded 1967.
RosengrensSafe storageGlobalSweden. Founded 1886.
SteelageSafe storageIndiaIndia. Founded 1932.
SallenCash managementGlobalSpain. Founded 1988.
GatewayElectronic article surveillanceGlobalSweden. Founded 1984.
MinimaxFire safetyIndiaIndia. Founded 1903.
elkostaOutdoor perimeter securityGlobalGermany. Founded 1951.

Major acquisitions
Major AcquisitionsYearCountry
Gnosjö Group1994Sweden
Rosengrens1994Sweden
Presso Industrier AB1994Sweden
Gunnebo Industrier1995Sweden
Italdis1997Italy
Wego1997Germany
Carl Seifert1997Denmark
Praediator1998Poland
Hygiaphone1998France
Garny1998Germany
Polaraidat1998Finland
Fichet-Bauche1999France
Rosengrens Austria1999Austria
T Kern1999Switzerland
Chubbsafes2000UK
Clausen2001Norway and Sweden
CS Security (Ritzenthaler/Haffner)2001France
Nurmi Trade2001Finland
Omega2001US
Leicher2002Germany
Riva2002Italy
Kubon2003Germany
Securibel2004Switzerland
Elkosta2004Germany
Lips Vago2004Italy
Chubb2004Belgium
Hammer Sicherheit2004Belgium
Gateway Security2004Sweden
Eurofence2004France
Aysec2004Finland
Grand Entrance Control2008Australia
API Security/Physical Security Division2010Australia
Alltech2011South Africa
Gateway do Brazil (80%)2011Brazil
Hamilton2012USA
ATG Entrance Corporation2013South Korea
DISSAMEX2014México
Clear Image2014UK
Grupo Sallén Tech S.L.2015Spain
Cominfo, a.s. 2019 Czechia

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 deposit, cash recycling, coin roll dispensing and the management of cash handling processes.

Safe storage

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).[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).

Entrance control

Entrance control products include speed gates, 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 public-side to airside.

References
  1. "Gunnebo Quarterly report June-September 2020". Gunnebo AB.
  2. "Gunnebo Annual Report 2005" (PDF). Gunnebo AB.
  3. "Gunnebo Annual Report 2015" (PDF). Gunnebo AB.
  4. Gunnebo. MediaSpjuth AB. pp. 145–149. ISBN 91-7000-229-0.
  5. "Certification body". European Security Systems Association.
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