Gunnebo Plans to Close its Production Facility in Uckfield, UK

Regulatory News:

The Gunnebo Security Group (STO:GUNN) plans to close its Entrance Control production facility in Uckfield, UK with production and assembly transferring to other production units within Entrance Control in the Group.

Due to growth of the business in the Asia-Pacific and Americas regions along with the continued decline in Europe, Gunnebo intends to realign its manufacturing footprint accordingly.

The planned closure may affect 32 employees and a consultation process to this effect has been initiated. The closure is planned to take place in Q4 2014. The cost for a closure would burden results in 2014 with 16 MSEK with yearly savings of 11 MSEK from Q1 2015.

Gunnebo AB (publ) Group Finance

The Gunnebo Security 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 5,600 people and has sales companies in 33 countries across Europe, Middle East & Africa, Asia-Pacific and the Americas as well as Channel Partners on over 100 additional markets.

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