Gunnebo acquires security products division of Australian-based firm

Acquisition enlarges company’s client base in Australia


Gunnebo, a Sweden-based provider of security products and solutions, announced earlier this month that it has acquired the security products division of Australian API Security Holdings.

According to a statement issued by the company, the acquisition makes Gunnebo the leading supplier of secure storage products and cash handling solutions for the commercial and retail markets in Australia.

"Through this acquisition, we have doubled the size of our Australian business and significantly enlarged Gunnebo Australia’s client base within the business area bank security and cash handling. We are now the market leaders in providing physical security solutions to banks, the governmental and the commercial sector, and also a major provider of cash handling products to retailers and other business reliant on the efficient automation of cash transactions," said Dan Turner, country manager for Gunnebo Australia.

For more information about Gunnebo, visit www.gunnebo.com.