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History

Gunnebo Industries was founded in 1764 in Gunnebo in the Småland province of southern Sweden.

The company originally manufactured nails, belts, bolts and iron for shipbuilding. Production of screws, chains and iron wire (which was refined to machine wire) began in the mid-1800s. In the 1850s and 1860s, the old hammer works was converted to a modern engineering works. The company's operations gradually expanded to include lifting and other products.

The company was quoted on the Stockholm Stock Exchange in 1903. During a highly expansive period, sales rose from SEK 20 million at the time of the Second World War to more than SEK 1 billion in the late 1980s. In 1988, management bought out the company from the stock exchange. In 1995-2005 Gunnebo Industries was a division of the security group Gunnebo AB.

Between 2005 and 2008 Gunnebo Industries was back on the Stockholm Stock Exchange as an individual company.

Gunnebo Industries has experienced both organic and acquisitive growth since 1995. Among the acquisitions are OFA in Finland (1997), Anja (2001) and Tellefsdal's traction division (2003) in Norway, Telesteps (2005), and Farrell O´Brien in Ireland (2006). Clark Tracks in Scotland, Christiania Spigerverk in Norway and EmiSafe in the United Arab Emirates were acquired in 2007.

In July 2008 the private equity firm Segulah acquired Gunnebo Industries.

In 2012 Gunnebo Industries was divided in to 3 standalone companies;

  • Gunnebo Industries AB (Lifting & Blocks)
  • GBO Fastening Systems AB (Fastening & Telesteps)
  • Nordic Tractions AB (Non skid)

Strength through innovation since 1764

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