Grand Entrance Control, with an annual turnover of MEUR 3.2 and eight employees, markets, sells, installs and services Gunnebo's entrance control products. Through the acquisition, Gunnebo Australia will now be able also to offer Gunnebo's entrance control product range through own sales channels.

"Up until today, Gunnebo's entrance control business in Australia has been organised through distributors. With Grand Entrance Control's well established market position and knowledge, we will now be able to take an active lead in the development of the entrance control market segment in Australia", says Dan Turner, country manager Gunnebo Australia.

Grand Entrance Control is estimated to have a 50 per cent market share on entrance control products on the Australian market. Key customers are integrators, construction companies and governmental institutions.

The acquisition of Grand Entrance Control is expected to provide a positive contribution at latest as of 2009. The acquisition gives rise to goodwill of some EUR 400.000.