Gunnebo Group has entered into an agreement to divest the business unit Gunnebo Entrance Control to ASSA ABLOY, the global leader in access solutions.
Gunnebo Group is a global leader in security solutions, offering innovative products and services that protect and control the flow of people and securely safeguard valuables through its two separate business units, Gunnebo Entrance Control and Gunnebo Safe Storage.
The transaction marks an important milestone in Gunnebo Group's strategic development. Following completion of the transaction, the group will focus exclusively on Gunnebo Safe Storage, enhancing the global reach and offering with which we serve our customers.
Stefan Syren, President and CEO of Gunnebo Group, says: "I am excited about the journey ahead for Entrance Control as part of ASSA ABLOY. Over the past decade, we have transformed Gunnebo from an industrial conglomerate into a focused technology company. The combined team brings innovative products, strong service capabilities and highly skilled talent to the market.
Altor and Stena Adactum have invested significantly in the business – in our people, new factories, new products, product development, digitalization and sustainability – with the ambition to build a world-class company. With their continued support, Gunnebo will sharpen its focus on the SecureTech and Safe Storage markets, accelerate innovation, digitalization and service-based business models, deepen customer relationships and drive customer-led sustainable growth – both organically and through selected acquisitions.”
Says Howard Lang, President of Gunnebo Entrance Control: "This is a proud moment for everyone at Gunnebo Entrance Control. We are excited about the opportunities this combination creates for our employees, customers and partners. Bringing together these two organizations with complementary strengths will accelerate innovation, further improve our customer offering, drive future growth and reinforce our position as a leading provider of entrance control solutions. Becoming part of ASSA ABLOY marks the beginning of an exciting new chapter.”
The transaction is subject to customary regulatory approvals and is expected to close during the fourth quarter of 2026.