Gunnebo Group has announced its agreement to sell its business unit, Gunnebo Entrance Control, to ASSA ABLOY, a pioneer in access solutions. This strategic move allows Gunnebo Group to concentrate solely on its other business unit, Gunnebo Safe Storage, enhancing its global offerings and customer service capabilities.
As the company transitions, Gunnebo Group will emphasize refining its technology to support its Safe Storage unit, further developing its SecureTech markets. Stefan Syren, President and CEO of Gunnebo Group, expressed enthusiasm for the transition, stating, "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."
Enhancing Innovation and Customer Relationships
The completion of this transaction is contingent upon customary regulatory approvals
Significant investment from Altor and Stena Adactum has bolstered Gunnebo's focus on innovation, sustainability, and customer relationships. The company aims to accelerate digitalization and enhance service-driven business models. This focus will assist in organic growth and facilitate strategic acquisitions.
Howard Lang, President of Gunnebo Entrance Control, noted the potential benefits of merging with ASSA ABLOY, highlighting the opportunity to leverage combined strengths. Lang commented, "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."
The completion of this transaction is contingent upon customary regulatory approvals and is anticipated to be finalized in the fourth quarter of 2026.
Gunnebo Group has entered into an agreement to divest the business unit Gunnebo Entrance Control to ASSA ABLOY, the global pioneer in access solutions.
Gunnebo Group is a global pioneer 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.
Focused technology company
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 they serve their 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.”
Deepen customer relationships
“Altor and Stena Adactum have invested significantly in the business – in our people, new factories, new products, product development, digitalisation 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, digitalisation 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.
