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Gatso wins order worth EUR 17,5 million
16-07-2015
SENSYS Traffic AB, a global supplier of traffic safety solutions, entered an agreement to acquire GATSO Beheer B.V., leading provider of traffic enforcement solutions, on the 22nd of June 2015. GATSO has received an order worth EUR 17,5 million for the delivery of mobile speed enforcement systems.
The order is for a new customer, comprising the delivery of a large quantity of mobile speed enforcement systems, a fully equipped workshop and extensive knowledge transfer for integration, maintenance and calibration. First shipment i scheduled for July 2015 and delivery completion is expected by the end of 2015.
Edmar van der Weijden, GATSO's Sales and Marketing Director comments: "GATSO successfully passed extensive trials before the contract was finally awarded. Derived from our many years of experience in France and the USA we have engineered a near-invisible solution that can operate efficiently large scale under extreme environmental conditions. Even in countries with an established traffic enforcement program our Mobile T-Series is a powerful to dramatically reduce fatal road crashes".
"This order proves the competitiveness of the GATSO product portfolio and indicates the strength of the combined company after the proposed merger" says Torbjörn Sandberg, CEO at Sensys.
Sensys' acquisition of Gatso Beheer is expected to be finalised on the 31st of July 2015 following an approval by the Extra General Meeting in Sensys on the 24th of July 2015.
Sensys Traffic is obliged to publish the information contained in this press release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication 8:00 on 16th of July 2015.
For further information:
CEO Torbjörn Sandberg
Mobile: +46 768-43 43 76
E-mail: torbjorn.sandberg@sensys.se
Sensys Traffic is a leading supplier of traffic enforcement systems. Sensys develops, markets and sells systems that are mainly used for speed enforcement and red-light enforcement. The company also provides servicing and maintenance alongside sales of systems. Sensys Traffic’s end customers are primarily police and road authorities throughout the world, as well as private operators. The company sells direct to customers, or via partners, agents and distributors. Sensys Traffic is headquartered in Jönköping and its shares are listed on Nasdaq OMX Stockholm. The company has 42 employees and its sales in 2014 totaled SEK 160.6 million.