Gunnebo and Loomis U.S. Partner to Drive Retail Growth with New Cash Management Solution
Summary
CINCINNATI--(BUSINESS WIRE)--Gunnebo has today announced a partnership with Loomis U.S., where the CIT company will bring a highly-integrated cash deposit smart safe to retailers in the U.S. “Together, we are leveraging the experience of two industry leaders to provide existing and new retail customers a collaboration of the highest service levels combined with a world-class smart deposit solution.” The solution, named Titan Z® smart safe, provides secure, reliable, and efficient cash processing for undercounter use in retail operations. Vice President of SafePoint for Loomis Moises Gonzalez said, “With Gunnebo as our partner, we are able to expand our current portfolio of cash automation solutions and provide a compact, high-performance cash-handling option to retailers with low cash volumes.” The solution will be exhibited at the upcoming NRF 2020 Retail Big Show and Expo in New York, January 12-14, 2020. Gunnebo operates within four core Business Units: Safe Storage (36% of Group sales), Cash Management (21%), Entrance Control (20%), and Integrated Security (23%). In 2018, Gunnebos continuing operations had a turnover of MSEK 5,100 generated by 4,500 employees located in 25 countries across Europe, the Middle East, Africa, Asia-Pacific and the Americas.