Gunnebo Wins Large Order with Guanfu Museum in Shanghai

Regulatory News:

Gunnebo AB (STO:GUNN):

The Gunnebo Security Group has received an order worth over €2 million to deliver 16,888 safe deposit lockers and 15 vault doors to Guanfu Museum in Shanghai, China.

Guanfu was the first private museum to be established in China and contains over 1,000 pieces of art, mainly from the late Ming and Qing dynasties. It is located in the Shanghai Tower, currently the tallest building in China and a new landmark in the city.

"This order is a milestone for Gunnebo on the Chinese physical security market,” says Per Borgvall, Gunnebo’s President and CEO. "Gunnebo has been recognised by a high-end customer and is entering into a completely new market segment.”

The Guanfu Museum intends to rent out the safe deposit lockers to their members for the storage of valuable artwork.

"This is the first time we are delivering safe deposit lockers produced in China under the Chubbsafes brand,” explains Per Borgvall. "Part of the reason why Guanfu Museum placed the order was Chubbsafes’ reputation for quality security products. Such a renowned brand makes it easier to buy international insurance and this will be a selling point when they rent the lockers out.”

Delivery and installation will be carried out during the second quarter of 2014 in collaboration with systems integrator, Airlink.

GUNNEBO AB (publ) Group Communication

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.

We make your world safer.

This information was brought to you by Cision http://news.cision.com