Sesami Cash Management Technologies Corporation agreed to acquire Cash Management Business of Gunnebo AB (publ) on February 1, 2022. In a related transaction, Sesami acquired Tidel on February 1, 2022. Post-completion, Tidel and Gunnebo cash management will be joining Sesami, bringing with them a team of over 300 software, cash automation and product specialists and a comprehensive portfolio of cash automation solutions, including smart safes and cash recyclers.

GardaWorld has entered into an incremental syndicated financing to its Credit Agreement, increasing its existing $1.438 billion Term Loan B by $700 million to $2.138 billion and will use it for the transaction. The transaction is expected to close by March 1, 2022. Axel Oltmann of Clearwater International acted as financial advisor to Gunnebo AB (publ).