TagMaster, through its US subsidiary Sensys Networks, acquires the radar division of Image Sensing Systems
Press release, Stockholm, Sweden, August 28, 2023 TagMaster, a leading supplier of data solutions and advanced sensor systems for Smart Cities within Traffic and Rail, through its US subsidiary Sensys Networks, has signed an agreement to acquire the radar division of Image Sensing Systems, Inc. (ISS), a Minnesota, US, corporation. The purchase price is approximately USD 4.8 million on a debt- and cash-free basis. ISS is a wholly-owned subsidiary of Autoscope Technologies Corporation (OTCQX: AATC) and a leading provider of video and radar vehicle detection and traffic data solutions