Gunnebo Unveils Secure Cash Handling

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Kuala Lumpur (24 September 2014) – Gunnebo will be the preferred technology partner for a complete cash management solution to be offered to retailers in Malaysia. The agreement is to be signed between one of Gunnebo Malaysia’s authorised Channel Partners, Sensorlink, and security and guarding services provider, Shapadu Security Sdn Bhd (SSSB).

The partnership will see Sensorlink deploying Gunnebo’s automated cash handling solutions and providing maintenance services while Shapadu manages cash collection and processing.

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SSSB has traditionally focused on security guarding services (armed and unarmed static guards, close protection and security escort services) but is increasingly venturing into cash management services where it is providing cash and valuables in transit , as well as cash processing services.
The advancement in technology is supported by Gunnebo’s automated cash handling solutions. It will enable Shapadu to offer comprehensive cash management services, tailored after the different needs of its customers.

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With the specific solutions offer retailers will be able to focus on their core business – serving their end-customers – though minimizing the time spent on cash administration.

“This partnership augurs well with Shapadu’s plan to move from a security and guarding service provider to a comprehensive security solutions provider”, says Dato´Rosthman Bin Ibrahim, Group Executive Director Shapadu Group.

“Gunnebo’s experience in the retail cash handling market is one of the main drivers for us to embark on this strategic partnership”, says Aw Mun Kong, Managing Director Sensorlink Sdn Bhd. “Sensorlink, being one of the leading players in the Malaysian security system industry for almost 20 years, is moving towards expanding our business solution offering in the cash management sector. To do this, we will leverage on our existing knowledge and experience in the retail sector”.

“This is a significant step for us in terms of making inroads into the retail cash handling market in Malaysia,” says Ravin Gengadaran, Country Manager Gunnebo Malaysia. “Through this relationship, retailers will be able to take full advantage of our efficient and innovative cash handling solutions.”