Sensys Gatso and Ricardo Rail sign strategic agreement for the rail market

8277 Sensys Gatso Group, which has developed and delivered the Automatic Pantograph Monitoring System (APMS) product for customers in the Nordic region, has signed a strategic agreement with 5606 Ricardo Rail for sales and manufacturing of the product to the global rail market. The agreement will leave Sensys Gatso free to develop its increased focus on traffic safety and traffic solutions for sustainable cities.

The agreement consists of several steps, where Ricardo Rail initially takes over the global sales responsibility and later can assume manufacturing after purchasing APMS. Under the manufacturing licence, Ricardo will pay a license fee in combination with the purchase of some key components from Sensys Gatso Group.

The two companies have cooperated for many years; Ricardo Rail has marketed the APMS product under the PanMon brand name, for which it has received approval in the UK market. Ricardo Rail is currently approaching a number of different markets with the PanMon system.