Gunnebo Group, a global company within the industry of safety and security products, went through a transition beginning at the end of 2020. It was then delisted from the stock exchange market, acquired by the private equity firms Altor Equity Partners and Stena Adactum.
The transition involved a number of challenges, including establishing three independent business units within the group, simultaneously running the ongoing business. The transition also included a divestment of one of the three business units.
Gunnebo is present on so many markets and we established several new legal entities during the transition. So, having software and tools in place with accurate data were necessary to manage the ongoing operations and to support the transition. We were facing a major change. We were simply forced to digitalize our treasury structure. We needed an advisor who could meet up to what we needed on all levels. In the transition project it meant working close to the owners and the board, knowing their requirements and needs in terms of information, and further on down the line to back office and to support the daily business, within the full scope of treasury. In short, we needed a partner who were able to scale up and make a lot of things happen in a short period of time. I found that in CORE Process and the Coupa Treasury system.
Åke Bengtsson, CFO, Gunnebo Group
Simplicity, dedication and efficiency. And a huge dose of safety.