Gunnebo has Completed the Acquisition of Cominfo
Gunnebo has completed the acquisition of the Czech company, Cominfo a.s. that was announced June 20, 2019. The acquisition is in line with the Group’s profitable growth strategy and will further strengthen the market position for its Business Unit Entrance Control.
“I am happy to welcome Cominfo to the Gunnebo Group,” comments Gunnebo’s President & CEO Henrik Lange. “Cominfo is a well-run business that has demonstrated stable profitable growth in recent years. It is a good strategic fit for our Entrance Control business since it will extend both our geographical footprint and product offering. In addition, there are synergies within production and R&D.”
Cominfo is based in Zlin in the south-east part of the Czech Republic and has some 160 employees. Cominfo has an annual turnover of approximately MSEK 140 and an EBITA margin in line with the one for Business Unit Entrance Control. The acquisition will, on an annual basis, add approximately 13% of sales to Business Unit Entrance Control and 3% to the total Group sales.