TagMaster acquires Sensys Networks in the US
Press release, Stockholm, Sweden, May 3, 2019 TagMaster AB (publ) (“TagMaster”), a leading supplier of advanced sensor systems for Smart Cities within Traffic and Rail, has signed an agreement to acquire Sensys Networks Inc. (“Sensys Networks”). The purchase price is USD 16 million on a debt free, cash free basis, with an adjustment of net working capital as of the closing date against a normalized net working capital. Sensys Networks Sensys Networks, established 2003, is a leading provider of advanced data solutions for Intelligent Transportation Systems (ITS). Sensys Networks