GÖTEBORG, Sweden--Regulatory News:
The Gunnebo Group (STO:GUNN) will further optimise its cash management manufacturing footprint. Manufacturing from the Trier plant in Germany will therefore be transferred to other manufacturing units within the Group. The plant has some 30 employees in manufacturing and a turnover of €9 million.
The consolidation will predominantly be done to improve customer service levels and manufacturing efficiency. The plan is to transfer production from Trier to manufacturing units in Binefar, Spain and Jakarta, Indonesia. Product development, prototyping and customer support functions for cash recycling products will however be kept in Trier.
A provision of MSEK 15 was taken during the fourth quarter of 2015.
GUNNEBO AB (publ)
The Gunnebo Group is a global leader in security products, services and solutions with an offering covering cash handling, safes and vaults, entrance security and electronic security for banks, retail, CIT, mass transit, public & commercial buildings and industrial & high-risk sites.
The Group has an annual turnover of €610 million, employs 5,700 people and has sales companies in 32 countries across Europe, Middle East & Africa, Asia-Pacific and the Americas as well as Channel Partners on over 100 additional markets.
We make your world safer.
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