Gunnebo acquires the Security Products division from Australian API Security Holdings

Gunnebo acquires the Security Products division from Australian API
Security Holdings

Gunnebo security group has acquired the Security Products division from
Australian API Security Holdings. Through this acquisition, Gunnebo
becomes the leading supplier of secure storage products and cash
handling solutions also to the retail and commercial sector  in
Australia.

The acquired division has an annual turnover of MEUR 9 and 45 employees.
It manufactures, sells and installs safes, vaults and other specialist
security containers primarily within the governmental and commercial
sectors. It also develops, manufactures, sells and service cash
management solutions for retail and convenience operations.

“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”, says Dan Turner, Country
Manager Gunnebo Australia. 

“The acquisition is in line with our strategy to boost growth on our
main markets in Asia/Pacific. The customer base and product portfolio we
now have gained will also support us in strengthening our position as a
security service provider in Australia”, says Gunnebo's President and
CEO Per Borgvall.

GUNNEBO AB (publ)
Group Communications

For further information, please contact:

Per Borgvall, President & CEO Gunnebo AB, tel. +46 31 83 68 00, or
Dan Turner, Country Manager Gunnebo Australia, mobile: +61 419 74 98 53,
or
Karin Wallström, Communication Manager Gunnebo AB, tel. +46 31 83 68 06,
mobile: +46 708 28 33 39, or e-mail
karin.wallstrom@gunnebo.com (karin.wallstrom@gunnebo.com),

www.gunnebo.com
Gunnebo AB (publ) discloses the information provided herein pursuant to
the Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at 08.01 CET on September
1, 2010.