SENSYS Traffic AB (publ) (“Sensys Traffic”), a global supplier of traffic safety solutions, has entered into an agreement to acquire the Dutch company Gatso Beheer B.V. (“Gatso”)
"Sensys and Gatso complement each other very well and still share the fundamental values and ethics that are needed to build sustainable business growth in the enforcement market. Sensys and Gatso will be significantly stronger together than as individual companies. The Sensys Gatso Group comes out of the merger in the pole position in the equipment market being the market leader and as a challenger with solid foothold in the managed services market. We expect synergies in sales where our combined sales force will be able achieve better market coverage while we also get a broader product portfolio to bring to our joint customer base. On top of the strong market position, synergies in R&D will provide a great focus on core technologies, software as well as on customized solutions allowing the company to expand into new markets." says Torbjörn Sandberg, CEO of Sensys Traffic.
Timo Gatsonides, CEO of Gatso adds “Integrity, dedication and innovation were the cornerstones of Gatso when my grandfather Maurice founded the company 57 years ago. Those values made us strong and its those values which continue to lead us today - inspiring our people worldwide. Today, more than ever, governments around the globe are challenged by the negative effects of increased mobility and urbanization. Fast-paced innovations as part of an holistic approach are pivotal in helping governments keep their citizens safe in traffic. This is why I’m extremely happy that we’ve found in Sensys a partner who shares the same fundamental values and views. This merger will forge innovations that will likely re-shape the managed services market for road safety.”
The acquisition is conditional upon the resolutions to be taken at the extraordinary general meeting.
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