Gunnebo Group acquires Sallen

Gunnebo has confirmed that it is acquiring Spanish cash handling company Grupo Sallén. Grupo Sallén is a leading supplier of cash handling products primarily sold through CIT (Cash In Transit) into the bank and retail sector. The group was founded in 1988, has an annual turnover of €14 million and 50 employees. Sallén has a global customer base, where the majority of sales today is made in Europe. “The acquisition of Grupo Sallén is in line with Gunnebo’s strategic agenda to grow cash handling,” comments Gunnebo’s President & CEO, Henrik Lange. “Sallén will provide Gunnebo with key technology which will support the development of Gunnebo’s offering and strengthen our global proposition to the CIT, bank and retail market segments.” Grupo Sallén will be consolidated in Gunnebo’s accounts during the third quarter of 2015, and is expected to make a positive contribution to the Group’s results in 2015.