According to the agreement, Gunnebo will jointly promote and sell its cash management solutions as part of a larger package together with Transguard’s CIT (cash in transit) services.
This will see sectors like retail, bank and government being offered a new, more integrated cash management solution which will give them wider benefits such as automatic reconciliation, improved cash flow and real-time credit.
“This key partnership will strengthen Gunnebo’s position as a global provider of cash management solutions and services,” states Gunnebo’s President & CEO, Henrik Lange. “As cash remains the most widely accepted form of payment in the United Arab Emirates (UAE), this partnership will help Gunnebo to secure a significant share of the market for cash management in the region.”
This partnership agreement is born out of the growing demand in the region for a cash management offering which combines automated cash handling processes with transportation, storage and counting services.