Gunnebo, a Swedish security solutions leader, is expanding its global footprint with a focus on producing where they sell. Operating in over 100 markets with 24 country locations and 11 production facilities, Gunnebo employs more than 3,500 people worldwide. Stefan Syrén, President & CEO of Gunnebo Group, emphasizes, “Our regional production strategy ensures we meet local market demands efficiently and sustainably.”

Strategic Focus and Ownership

Gunnebo’s strategic growth is driven by major stakeholders, Altor and Siena. Altor, a private equity firm, invests heavily in sustainability and innovation, influencing Gunnebo’s strategic direction. Siena, a substantial family conglomerate, supports Gunnebo’s extensive operations across various sectors. Syrén states, “Altor’s focus on sustainable business practices and pioneering advancements plays a crucial role in shaping Gunnebo’s strategic direction.”

Diverse Business Segments

Gunnebo operates in two primary areas: entrance control and safe storage. The entrance control segment includes speed gates, turnstiles, and interlocking doors, managing the flow of people in airports, mass transit systems, offices, and high-risk sites. The safe storage segment offers innovative solutions for banking, retail, pharmaceutical, and residential sectors, protecting people and valuables from burglary, fire, and explosives. Syrén highlights, “Our entrance control solutions are essential for ensuring security and efficient management of large crowds, particularly in larger cities.”

India: A Strategic Market

India stands out as Gunnebo’s most significant market, with the largest factory in Halol, Gujarat. A recent ₹750 million investment has expanded the factory by 50%. Syrén notes, “This expansion underscores Gunnebo’s commitment to innovation and sustainability in India.” Over the past decade, Gunnebo has invested about Rs 150 crores in India, with the turnover growing sixfold in 15 years to around 650 crores, aiming for 1000 crores soon.

Commitment to Sustainability and Digitalization

Gunnebo’s growth is fueled by sustainability and digitalization, using smart materials, reducing energy consumption, and minimizing its environmental footprint. They employ Worldfavor for sustainability data management. Syrén states, “Our production processes, especially in Halol, are designed to be as eco-friendly as possible.”

Gunnebo continues to explore strategic acquisitions, like the recent purchase of Tecnosicurezza in Italy, to enhance capabilities and market reach, aiming to maintain its leadership in the global market.