Sensys Gatso LATAM receives first order from new market Ecuador, worth approximately SEK 5 million

09/11/2021 - Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary Sensys Gatso LATAM, has received an order for the supply and support for traffic enforcement services from its partner Great Group to be implemented in the city of Duran, Ecuador. The order has a value of approximately SEK 5 million. This is the first order for a new country for Sensys Gatso in the strategic LATAM Region.

The territory of Duran, Ecuador is partnering with Great Group Holding in a consortium to implement a comprehensive traffic enforcement program that includes speed enforcement cameras. These enforcement systems will be implemented at key intersections in Duran. The Duran program is expected to be fully installed and operational by the third quarter of 2022. Sensys Gatso LATAM will supply the enforcement systems to its partner. 

Sensys Gatso has established Sensys Gatso LATAM to be able to enter into the different markets in the LATAM region. The first order in the new market Ecuador, after Costa Rica and Colombia, is the result of the increased sales activities in this strategic region. 

“Expanding our offerings into Ecuador, South America, is in line with our growth strategy. We appreciate working in areas where traffic safety is taken seriously and where capital infrastructure projects are shaping the future of a country or region. Implementing bold initiatives such as enforcement cameras along with additional traffic calming measures will go a long way to reducing crashes and eliminating fatalities and injuries. We are excited to be a part of this initiative” says Alexis A. Collazo, Regional Business Development Manager of Sensys Gatso LATAM.

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 at 13.15 on November 9, 2021.

 Release (pdf)

 

For more information:
Ivo Mönnink, CEO
Sensys Gatso Group AB
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, Costa Rica, Germany, the Netherlands, Sweden and the USA, and a branch office in the United Arab Emirates and has 252 employees. The Sensys Gatso Group’s shares are listed on Nasdaq Stockholm.

Published: 09/11/2021