Gunnebo Safe Storage, a leading Swedish security solutions provider, has acquired Primat Group, a notable manufacturer of safes and secure storage solutions in Slovenia, Serbia, and Bosnia and Herzegovina. This acquisition will enhance Gunnebo's European production capabilities and expand its market presence.
Legal advisors played a key role in this transaction, with Gunnebo receiving counsel from Ketler & Partners and Primat Group advised by Lah, Jambrovic & Partners, and Podjed, Kahne & Partners. Their collaboration highlights the strategic significance of the deal and the necessity for expert guidance.
The acquisition represents a strategic move for Gunnebo to bolster production within Europe. By integrating Primat’s established facilities in Slovenia and Serbia, Gunnebo aims to optimize operations and improve service delivery in the region. Ketler & Partners noted that the deal strengthens Gunnebo’s manufacturing presence in crucial European markets, with a focus on sustaining and potentially growing employment at Primat’s sites in Maribor and Baljevac.
This acquisition is expected to significantly impact the security solutions market in Southeast Europe. Gunnebo's established presence, combined with Primat’s local expertise, positions the company to better serve clients and expand market share. The transaction aligns with Gunnebo's long-term growth strategy, focusing on operational efficiencies, product expansion, and strengthening customer relationships.
This acquisition marks a significant milestone for Gunnebo in the security solutions sector, enhancing its production capabilities while maintaining a commitment to job preservation and community engagement in the regions where it operates. The advisory teams from both sides played crucial roles in ensuring the smooth execution of this transaction.
“The success of the transaction was also supported by the fair, diligent, and tactful representation and cooperation of the advisors involved”.
