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Order worth EUR 750,000 to Gatso, to be acquired by Sensys
08-07-2015
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 another order of EUR 750.000 for the delivery of in-vehicle speed enforcement systems in France.
The introduction of automated speed enforcement in 2003 showed a significant reduction of traffic related deaths in France. After reaching a total of more than 5.000 fixed speed cameras in 2010 the French government decided to move into a new phase in its traffic safety efforts. The Ministry looked for a new and effective form of automated speed enforcement that could be deployed in a large area, requiring a minimum in resources. The solution was found in GATSO’s T-Series in-vehicle system.
“The system’s capability to mingle with traffic without being noticed, while enforcing the speed limit for both approaching and receding traffic, has provided the French Gendarmerie with a groundbreaking enforcement tool, says Edmar van der Weijden, GATSO’s Sales & Marketing Director. “In 2013, during the first six months of operation, a reduction of 15% in fatalities was recorded. A huge achievement, saving 257 lives in just six months time. The new order underlines the continuing success of our in-vehicle solutions.”
To date 260 systems have been deployed in France. The new order will be delivered to the Gendarmerie in August 2015.
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 8:30 on 8 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.