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Order from Sweden worth 55 MSEK
05-10-2015
Sensys Gatso Group, a global leader in traffic safety solutions, has received an order from the Swedish Transport Administration on speed enforcement systems for the national traffic safety camera program.
The order worth 55 MSEK, corresponding to 5,7 MEUR, covers systems and cabinets for replacement of existing systems as well as roll-out of new speed enforcement systems. The deliveries under this order are planned to commence in the fourth quarter 2015 and continue through the fourth quarter 2016.
“It is encouraging that our customer continues to roll out speed enforcement systems at new locations at a high pace. This is an important reference for us in our global expansion as it shows how a strategic use of automatic speed enforcement, within the Vision Zero framework, creates solid results in terms of saved lives. Furthermore it is a receipt on the good performance of Sensys Gatso Group” says Johan Frilund, EVP at Sensys Gatso Group AB.
Sensys Gatso Group was selected as the supplier to the national traffic safety camera program by the Swedish Transport Administration in July 2013. The contracts between Sensys Gatso Group and the Transport Administration are valid until July 2016 and can be extended by two years at the time up to 2022.
This is information that Sensys Gatso Group AB (publ) must publish pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on 5 October 2015 at 08:30.
Sensys Gatso Group is the leading supplier of system solutions for traffic safety in the field of traffic enforcement systems. Sensys Gatso has subsidiaries in Australia, Germany, the Netherlands, Sweden, and the USA, and a branch office in the United Arab Emirates. The Sensys Gatso Group’s shares are listed at NASDAQ OMX Stockholm. The Group has 200 employees and is the result of a merger of Sensys Traffic AB and Gatso Beheer B.V. following Sensys Traffic’s acquisition of Gatso Beheer. Sensys Traffic had net sales of SEK 160.6 million during 2014 and Gatso Beheer has proforma net sales of SEK 275.5 million during the financial year ending on 30 September 2014.