Italian Retailer Signs Cash Management Deal with Gunnebo

Regulatory News:

The Gunnebo Group (STO:GUNN) has signed a two-year agreement worth €3 million with major Italian supermarket chain, Conad Pac 2000a, for the delivery of closed cash management systems.

200 SafePay units will be delivered in a multi-year contract to the retailer as part of an order covering installation, help desk support and maintenance.

Conad is a leading retail store brand in Italy and operates one of the country’s largest supermarket chains. It currently has more than 1,200 supermarkets and is continuing to expand its business.

"Gunnebo continues to be a leading provider of retail security solutions which improve the efficiency of our clients’ businesses,” states Gunnebo’s President and CEO, Henrik Lange. "SafePay has been well established in Northern Europe for some years and now we see it grow into new geographies, like Italy.”

SafePay is Gunnebo’s own closed cash management solution which protects cash from the moment it leaves the customer’s hand until it reaches the cash-counting centre. SafePay replaces manual tills, eliminates cash differences and is a more efficient way for retailers to manage cash in their stores.

GUNNEBO AB (publ) Group Communications

www.gunnebogroup.com

The Gunnebo Group is a global leader in security products, services and solutions with an offering covering cash management, 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 €660 million, employs 5,500 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.

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