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October 11, 2023

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Acquisitions

Gunnebo looks to establish standalone locks portfolio following acquisition of Italian-based Tecnosicurezz

Gunnebo Group has acquired the Italian high-security locking manufacturer, Tecnosicurezza, as it seeks to establish a standalone high-security locks portfolio.

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Anna Miller with Andrew Willdig (centre) and Franco Miller

A manufacturer of electronic locking systems for safes, vaults and ATMs, Tecnosicurezza is based in Verona, northern Italy, with subsidiaries in the USA and Spain.

“Gunnebo Safe Storage has a strategic goal to establish a standalone high-security locks business, delivering value by differentiating and leading change in the locks market with a complete offering to the high-security locks eco-system,” says Andrew Willdig, VP of Global Customers, Gunnebo Safe Storage.

“By focusing on the needs of our customers and supporting their daily operational processes, with an emphasis on connectivity, this high-security lock business will increase our support to them along the end-to-end value chain.”

“Locks market moving fast towards connectivity”

Gunnebo says the acquisition will enable the creation of synergies across the existing portfolio of Gunnebo locks, as well as across the safes and vaults business, by leveraging technology and customer service, combined with its digital expertise.

Anna Miller, Tecnosicurezza Managing Director, who has been part of the business for over 20 years, says: “This is an incredible opportunity to scale the availability of our class-leading locks range into over 100 markets. Gunnebo Safe Storage’s complementary expertise and shared focus on innovation and sustainability make this the perfect next step in our company’s journey.”

Tecnosicurezza founder Franco Miller added: “I am proud and honoured Gunnebo chose Tecnosicurezza to develop such an interesting project.”

Stefan Syrén, Gunnebo Group President & CEO, explains: “The locks market is moving fast towards connectivity, and Tecnosicurezza together with Gunnebo Safe Storage will form a strong base on which to build our next-generation locks and Safe Storage Solutions.”

“I am delighted that Anna will continue to lead Tecnosicurezza as Managing Director and along with Andrew will ensure that Tecnosicurezza moves from being an important strategic supplier to joining the Gunnebo family. The creation of this standalone business unit will benefit both parties’ existing and new customers.”

 

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