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Sensys Gatso receives award for traffic safety in Belgium
28-05-2018
Sensys Gatso Group, a global leader in traffic safety systems, through its subsidiary, Sensys Gatso Netherlands, has received a four-year procurement award, from the Belgium Walloon Government for the delivery of traffic-safety cameras. The procurement award is estimated to be worth up to SEK 27 million.
Sensys Gatso, together with its partner in Belgium, has received a procurement award for delivery of traffic safety systems. Even though there are no purchase obligations in the award, the value for Sensys Gatso’s part is estimated to be approximately SEK 27 million over a period of 4 years.
Furthermore Sensys Gatso has received a first order from this award worth SEK 5.4 million and is expected to be delivered in the second half of 2018 depending on planning.
“Since a long period Sensys Gatso Group is the established market leader in Belgium, which is one of the leading markets in Europe in terms of use of automated traffic enforcement. This procurement award confirms our strong position in the Belgian market and gives us a solid platform to further expand our business” says Joris Lampe, CCO of Sensys Gatso Group.
This information is information that Sensys Gatso Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14:45 on May 28, 2018.
For further information:
Ivo Mönnink, CEO
E investors@sensysgatso.com
Sensys Gatso Group AB is a global leader in traffic management solutions for nations, cities and fleet owners. Sensys Gatso Group 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 on Nasdaq Stockholm and has 167 employees.