Gunnebo completed the acquisition of Tecnosicurezza.

Gunnebo, a company specializing in security products mainly in the areas of entrance control and safe storage, completed the acquisition of Tecnosicurezza, a manufacturer of electronic locking systems for safes, vaults, and ATMs. Financial terms were not disclosed. “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,” Andrew Willdig, Gunnebo VP of Global Customers.