Contract in Southern Europe amounting to SEK 25.6 million

16/02/2017 - Sensys Gatso Group (“Sensys Gatso), a global leader in traffic management solutions, has signed a contract amounting to SEK 25.6 million, corresponding to EUR 2.7 million, for the supply of traffic safety systems and Xilium back office software in Southern Europe until 2020.

The contract is valid for three years and deliveries are expected to commence during 2017 and continue into 2020. Sensys Gatso has previously supplied traffic safety systems to this customer under a contract signed in 2014, which now has reached its expiry date.

"We are pleased to have extended and develop this co-operation with our local partner and customer, a cooperation dating back to 2006, giving us the opportunity to continue to contribute to traffic safety improvements in this market. The contract is in line with our strategic areas safe rural roads and managed highways with focus on the customer needs, giving returning customers and supporting our long-term growth, "says Torbjörn Sandberg, CEO and President, Sensys Gatso.

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 10.00 on the 16th of February 2017.

 

 

 Release

For further information:
Johan Frilund, EVP Corporate Development
M +46 732-742 823
E j.frilund@sensysgatso.com

Sensys Gatso is a global leader in traffic management solutions for nations, cities and fleet owners. 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 Stockholm. The Group has 202 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.

Published: 16/02/2017