Panaxia Security AB and G4S Cash Services sign cooperation agreement within secure transports

Nordic Business Report, April 3, 2008

NORDIC BUSINESS REPORT-3 April 2008-Panaxia Security AB and G4S Cash Services sign cooperation agreement within secure transports(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish secure transport and cash handling services provider Panaxia Security AB said on Wednesday (2 April) that it has signed a cooperation agreement within secure transport services with G4S Cash Services in Sweden.

Under the multi-year mutual subcontractor agreement the companies will provide services to each other on locations where the other party wants to increase its efficiency and service quality.

Initially, the agreement means that Panaxia Security will offer cash handling services to G4S Cash Services' customers in the Stockholm region.

Panaxia Security, headquartered in Stockholm, Sweden, provides secure transport services through 17 offices throughout Sweden. The company has 400 employees and reported revenues of SEK410m in 2007.

One British pound (GBP) is worth approximately 11.85 Swedish kronor (SEK).

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