• Entrance Control
      Entrance Control

      Gunnebo’s entrance security solutions give you control over visitors’ flow to, from and around a location.

    • Safe Storage
      Safe Storage

      Protect your valuables and confidential data. Get peace of mind at home, in transit and at work.

      Gunnebo Safe Storage
    • We are Gunnebo
      We are Gunnebo

      At Gunnebo, we have a bigger mission: we are working to create a safer world. Learn about our organisation & business, our global presence, our brands and our history

    • Strategy & Values
      Strategy & Values

      The Group’s strategy is to grow through Gunnebo’s independent businesses Gunnebo Entrance Control and Gunnebo Safe Storage.

    • Investor Relations
      Investor Relations

      Learn more about the owners of Gunnebo and download the latest Annual Review

    • Corporate Governance
      Corporate Governance

      Get to know the Gunnebo Board of Directors and the Group Executive Team

    • Career Opportunities
      Career Opportunities

      Can you see yourself working for Gunnebo? Please check our available positions.

    • Employee Testimonials
      Employee Testimonials

      What is it like to work for a global security company? Gunnebo employees tell their stories.

    • Why you should join us
      Why you should join us

      Find out why Gunnebo Safe Storage offers a working environment where you can make a difference.

      Businees Meeting between tweo colleagues
    • Our Values
      Our Values

      Read about our four cornerstones that we would like to see in all our employees.

    • What we offer
      What we offer

      Discover your career options that will enable you to make an impact.

      Gunnebo people
    • Upskill Trainee Program
      Upskill Trainee Program

      Do you want to work in an international and cross-cultural environment? If so, our Upskill trainee program offers a great opportunity to shape your future.

Gunnebo Sells its Cash Management Business to Sesami - A GardaWorld Entity

[Press Releases Gunnebo Group] Published 01-02-2022

The Gunnebo Group today announces the divestiture of its Cash Management business to Sesami Cash Management Technologies Corporation (“Sesami”), a tech-enabled cash ecosystem solution integrator that operates as an independent entity of Garda World Security Corporation (“GardaWorld”), one of the largest security companies in the world. Terms of the transaction were not disclosed. The divestment is part of Gunnebo’s transformation journey started in 2020, leaving the integrated security and the cash management segments, to be able to focus on the global leading market positions within the Business Units Entrance Control and Safe Storage.

Stefan Syrén, President and CEO of Gunnebo, said: “This divestment enables us to further focus on our core business and accelerate on our strategy and ambitious growth plans. With increasing market demand in an ever-changing world giving rise to new needs for entrance control and safe storage solutions, we want to grow our business through innovation and digitalization, working closely with our current and future customers on satisfying their needs.”

“Cash Management deviates from our set strategic parameters for future investment and we have therefore decided to sell the business. We are pleased to have found a strategic and trusted owner in Sesami, better positioned to invest in Cash Management’s long-term growth going forward.”

The Gunnebo Group concluded that a private sale of the Cash Management business to a GardaWorld entity is in the best interest for both Gunnebo and the Gunnebo Cash Management Business Unit. This is the outcome of a thorough dual-track process in which we have carefully considered several strategic options, including a sale to private buyers. The transaction is expected to be closed by March 1, 2022.

Integrated into Sesami, a newly created cash ecosystem performance and technology company and independent operated entity of GardaWorld, Gunnebo Cash Management will be in a position to achieve its full potential in an industry undergoing a massive transformation.

“Gunnebo Group’s cash management business is a best-in-breed service provider and recognized leader in its industry. We look forward to growing our teams, to continue building our industry expertise, and to grow our international footprint in this business segment through Sesami,” said Stephan Crétier, Founder, Chairman, President and Chief Executive Officer, GardaWorld.
“We believe this divestment is of mutual benefit to all parties involved, where Cash Management will prosper and develop within Sesami, and where Gunnebo will build upon our leading global positions. With the significant investments to transform our business the last couple of years, following the logical step of divesting our Integrated security business and now divesting Cash Management, we are now equipped for the future to expand our markets, our product offering and our customer segments within the Business Units of Entrance Control and Safe Storage”, concluded Stefan Syrén.


Additional information for editors: 

Gunnebo Cash Management provides automated cash handling solutions, software and services including closed cash handling, cash recycling and cash deposit. Its solutions reduce the cost of handling notes and coins across the cash ecosystem and create a safer, more efficient cash cycle. http://www.gunnebocashmanagement.com

Gunnebo Group is a global leader in security, offering innovative products and services to protect and control the flow of people, and to safely secure valuables. Through our businesses Gunnebo Entrance Control and Gunnebo Safe Storage we offer solutions to customers in retail, public transport, public and commercial buildings, industrial and high-risk sites and banking. We operate worldwide through our 3,400 employees, 25 country locations and 10 production facilities to serve customers in over 100 markets. Together we create a safer world. www.gunnebo.com