Sensys Gatso signs procurement contract in the Netherlands
Sensys Gatso Group, a global leader in traffic safety solutions, through its subsidiary Sensys Gatso Netherlands, signed the procurement contract with the Dutch Public Prosecution Services. The award of this SEK 84 million contract was announced on 14 June 2024.
The procurement contract was awarded to Sensys Gatso as one of the four vendors selected and the signing took place after the period expired in which competitors could file a complaint.
The first milestones are expected to be realised at the end of 2024 and the first section control system will be commissioned and delivered in the second half of 2025. Additional section control systems will be installed and commissioned during 2026. Of the total expected revenue of SEK 84 million, 57% relates to TRaaS Service and Maintenance and Operational activities. These recurring TRaaS revenues will commence after deployment of the total solution with a fixed term of 6 years with multiple possible extensions up to a maximum of total 12 years.
Niki Gatsonides, Managing Director of Sensys Gatso Netherlands B.V. comments: "With signing the contract, the project has formally started. We are proud to be an important partner of the Dutch Public Prosecution Services and to continue our relationship in the speed enforcement domain. We look forward to a successful execution of the project.”
The information was submitted for publication, through the agency of the contact person set out above, at 10.35 on July 9, 2024.
For further information:
Ivo Mönnink, CEO
Sensys Gatso Group AB
E-mail: 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, Saudi Arabia, Sweden and the USA, and a branch office in the United Arab Emirates and has 302 employees. The Sensys Gatso Group’s shares are listed on Nasdaq Stockholm.
For further information, visit www.sensysgatso.com
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