15/07/2015 - 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 now received another order worth EUR 720,000 for traffic safety systems in the Middle East.
The order is an addition to the order for a new customer in the Middle East previously announced in June. The order covers the supply of red light and speed camera systems, and is expected to be delivered during the third quarter 2015.
Gatso’s Managing Director Timo Gatsonides comments: “This follow-on order is encouraging and we are looking to further develop our cooperation with this customer”.
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 15 July 2015.
For further information:
CEO Torbjörn Sandberg
Mobile: +46 768-43 43 76
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.