2020 in brief

  • 2020 began with Gunnebo announcing in January that it had gone into partnership with Loomis in the USA, in order to grow its business with the retail segment, with a new solution for cash management.
  • In February Gunnebo signed a partnership agreement with Ferrimax. The partnership is in line with the Group’s Safe Storage Business Unit’s strategy to build separate go-to-market models between direct and indirect sales channels, and relates to the Spanish and Portuguese markets.
  • May saw the launch of H-Sense, a high-tech security gate with built-in functionality for infection control, the aim being to halt Covid-19 already at the entrance to office buildings, schools, hospitals, factories, and in mass transit.
  • July saw the launch of OccuLinq, a high-tech entrance control solution with tools for social distancing that supports a smooth transition to a safe shopping and office environment, by providing automatic control of customer or employee numbers in a particular area, while also ensuring that the number never exceeds the permitted maximum.
  • In August, the Swedish operation for Gateway, which provides EAS and loss prevention systems, was divested. The move was a result of the ongoing valuation to assess the future potential of operations in the business unit Other Business.
  • In August, Gunnebo discovered that the company’s servers had been the subject of an attack, an attempted breach by unauthorised parties. The incident was reported to the Swedish Security Service once external IT specialists had analysed the attack and deemed it to be well organised.
  • In September, GB HoldCo, which is indirectly owned by Altor and Stena Adactum, announced that it had made a public cash offer to Gunnebo shareholders to transfer their shares to GB HoldCo for a cash consideration equivalent to SEK 25 per share. In its official response, Gunnebo’s Board of Directors unanimously recommended that shareholders should accept the offer.
  • October saw the launch of Gunnebo’s Upskill trainee programme, recruiting recent graduates.
  • In October the innovative EverydaySafe™ was launched, a smart security solution that can flexibly and discreetly be integrated into storage units in the home and office.
  • Of his own volition, Robert Hermans decided to step down as Gunnebo EVP and SVP of Entrance Control to take on new challenges in a different industry.
  • In November Gunnebo divested its integrator operation for electronic security in Spain and Portugal, selling to Trablisa. The deal was a move towards focusing more closely on Gunnebo’s core business.
  • In November GB HoldCo announced that it had decided to follow through on its offer to Gunnebo’s shareholders, and now owned 94.5% of the shares in Gunnebo.
  • Gunnebo was delisted from the Nasdaq Stockholm exchange. December 9 was the final day the shares were traded.
  • In December Gunnebo divested the integrator operation for electronic security in Sweden. This was a further step in the ongoing process of refining the business and focusing on the three main Business Units: Entrance Control, Safe Storage and Cash Management.
  • Gunnebo held an extraordinary general meeting on December 16, due to the new ownership structure. Martin Svalstedt was re-elected and Bengt Maunsbach, Jens Browaldh, Jonathan Lund Kirkhoff and Henrik Munthe were elected as new Board members. Bengt Maunsbach was appointed Chairman of the Board.