Sensor Line acquisitionsignificant, well done
- "Sensor Line is a pioneer in the field of fiber optic sensors for road and rail traffic applications"
-"The company's products are recognized globally as leaders in generating traffic monitoring data used to enhance safety, improve mobility, enable enforcement and reduce the environmental impact within transportation networks."
-"Sensor Line has installed more than 50,000 systems in 50 countries worldwide",
-“ "This acquisition fits well within our financial M&A evaluation criteria. For 2021, Sensor Line is expected to contribute $4.0 - $5.0 million in revenue and $700,000 - $800,000 in Adjusted EBITDA ”
-"Acquisition expands IRD's geographic footprint and customer base, broadens its sensor product suite and marks its entry into the rail vertical"
"This acquisition broadens our product suite and expands our geographic footprint further into the European market,"