Gunnebo Wins $18.2M Order to Secure Central Bank in Africa-Middle East

Gunnebo Wins $18.2M Order to Secure Central Bank in Africa-Middle East
The Gunnebo Security Group received an order from a central bank in the Africa/Middle East region to deliver and install physical security products. The order value amounts to US$18.2 million.

The order comprises delivery and installation of solutions for secure storage such as vaults and secure rooms, as well as bank counters, screens and bullet-resistant doors. Delivery and installation will begin during the second quarter of 2011 and are scheduled for completion in 2012-13.

“Central banks are going through a transition period right now all over the globe. No matter where on the geographical map, Gunnebo can provide products and solutions ensuring that the highest security standards are met,” said Gunnebo President and CEO Per Borgvall. “To win recurring business with customers like this central bank is, of course, really prestigious for Gunnebo. This achievement is testament to the fact that Gunnebo's offering meets the extremely high demands for security that the customer segment of central banks generally have, this customer being no exception.”

Other major orders were received from the same customer in the first half of 2007 and in the first quarter of 2010, which have since been successfully delivered and installed.

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