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Vinge advises Gunnebo in connection with the divestment of its Cash Management business

February 01, 2022

Vinge advises Gunnebo Aktiebolag (“Gunnebo”) in connection with the divestment of its Cash Management business to Sesami Cash Management Technologies Corporation, a cash ecosystem solution company controlled by GardaWorld Security Corporation.

The Cash Management business includes automated cash handling solutions, software and services for closed cash handling, cash recycling and cash deposit, for the purpose of creating a safer and more efficient cash cycle and reducing the cost of handling notes and coins.

The divestment is part of Gunnebo’s transformation journey started in 2020, leaving the integrated security and the cash management segments, to be able to focus on the global leading market positions within the business units Entrance Control and Safe Storage.

The transaction is expected to be closed by 1 March 2022.

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