Gómez-Acebo & Pombo instructed on Gunnebo acquisition

Gómez-Acebo & Pombo advised the Swedish security company Gunnebo on its acquisition of the Spanish company Grupo Sallén, according to Mergermarket data.

Grupo Sallén is a supplier of cash handling products primarily sold through CIT (cash-in-transit) in the bank and retail sector. The group was founded in 1988 and has an annual turnover of €14 million and 50 employees.

A Gunnebo statement said Grupo Sallén will be consolidated in Gunnebo’s accounts during the third quarter of 2015.

“The acquisition of Grupo Sallén is in line with Gunnebo’s strategic agenda to grow cash handling,” said Gunnebo president Henrik Lange. “Sallén will provide Gunnebo with key technology that will support the development of Gunnebo’s offering and strengthen our global proposition to the CIT, bank and retail market segments.”