BWI: 50% Growth Makes India the Second Largest Market for Gunnebo Worldwide

Press release from Business Wire India
Source: Gunnebo India Limited
Monday, August 06, 2012 03:20 PM IST (09:50 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Business services, Media & entertainment; Technology
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50% Growth Makes India the Second Largest Market for Gunnebo Worldwide


Mumbai, Maharashtra, India, Monday, August 06, 2012 -- (Business Wire India) -- Growth in Asia is a driving factor for Gunnebo's global success. Gunnebo Group, a world leader in security solutions, shared that, India with its rising need for security systems, has now moved into being the second largest market in the Group as compared to the fifth position India held for Gunnebo in 2011. With an increase of 50% in year on year orders and a 40% increase in revenue, India becomes a priority market for Gunnebo.

"We believe in India as a long-term growth opportunity for Gunnebo. This is validated by our performance in the first six months of the year, which has witnessed a 50% increase in our business from this market. In addition, to the strong traction for revenues in the first half of the year, we see a strong pipeline and potential for growth for the remaining part of the year. The growth is mainly driven by business within Bank Security where the Group has strong market positions in India and globally. We have strong plans to continue to strengthen our leadership position in India through manufacturing investments and acquisitions," says President and CEO for Gunnebo Group, Per Borgvall

"Gunnebo continues to invest in India strengthening its continued long term strategy of being the leaders in security solutions in India. Using proven leading-edge manufacturing processes we continue to aggressively increase our manufacturing capacity in the Halol Plant to meet the increased demands," says Country Manager & Managing Director for Gunnebo India, Sandeep Deshpande.

Per Borgvall, President and CEO will visit India in October revisiting and strengthening the Indian strategic plans for Gunnebo, during his visit he will meet with customers and partners to further strengthen Gunnebo's commitment to India.

About Gunnebo

The Gunnebo Security Group provides efficient and innovative security solutions to customers around the globe. It employs 5,500 people in 31 countries across Europe, Asia, Africa, Australia and North America, and has a turnover in excess of ?540m. Gunnebo focuses its global offering on Bank Security & Cash Handling, Secure Storage, Entrance Control and Services.

We make your world safer.


CONTACT DETAILS
Karin Wallström, Gunnebo, +46 10 209 5026, karin.wallstrom@gunnebo.com
Naina Shetty, Six Degrees PR, +91 9819703379, nainas@sixdegreespr.co.in

KEYWORDS
CONSUMER, CONSULTANCY SERVICES, BUSINESS SERVICES, MEDIA, TECHNOLOGY

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