Gunnebo acquires South Africa's market leader for entrance control Alltech
Acquisition of Alltech in South Africa strengthens Gunnebo's platform for entrance control in Africa
Gunnebo security group has acquired Johannesburg-based Alltech. The acquisition was made to strengthen Gunnebo's platform from which to develop and leverage its world leading Entrance Control offer to all African markets.
Alltech was founded in 1999, has an annual turnover of MEUR 3,7 and 28 employees. The company primarily develops, manufactures, sells and installs full and part height turnstiles, spike barriers and boom barriers.
"With the acquisition of Alltech we get a profitable platform to continue the expansion of our entrance control business into the growth markets in Africa", says Martin Houseman, Regional Director Gunnebo Africa and Middle East. "Alltech's product portfiolio also supplements Gunnebo's strong and world-leading offer within entrance control. Thus, the acquisition will combine to strengthen the Group's global business".
The integration of Alltech is planned to be completed during 2011 and the acquisition is expected to give a positive contribution in the fourth quarter of 2011.