Nordic Business Report-November 29, 2006-CashGuard AB receives pilot order for cash handling system from IKEA in France
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Swedish cash handling solutions and services provider CashGuard AB said on Wednesday (29 November) that it has received a pilot order for its closed cash handling system CashGuard Blue from furniture chain IKEA.
The order, to be delivered during the first half of 2007, covers the installation of a CashGuard system at one of IKEAs department stores in France.
The pilot order is based on a cooperation agreement signed by CashGuard and IKEA in January 2005.
The value of the pilot order was not disclosed.
CashGuard is headquartered in Taby in Sweden. The company has some 160 employees and reported a turnover of approximately SEK214m in 2005. CashGuard is listed on the Nordic Exchange in Stockholm.
One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK).
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