In the context of a wider relationship between Safran and Finmeccanica, Morpho (1178 Safran Group) and Selex Elsag (Finmeccanica Group) have signed a “Partnership Framework Agreement” for development of commercial and industrial operations in the field of road enforcement and safety equipment which could lead to a joint venture.
The partners say they wish to join their resources to address the fast-growing market of road enforcement and safety, taking advantage of the complementary nature of their products and technologies in the fields of vehicle identification, speed measurement and red light violation.
“This partnership with Selex Elsag is a unique opportunity to leverage the technologies of two major industry players” said Jean-Paul Jainsky, chairman and CEO of Morpho. “We are convinced that the outcome will be integrated solutions that meet the ever-evolving needs of the road safety and enforcement market.”
The partners say they wish to join their resources to address the fast-growing market of road enforcement and safety, taking advantage of the complementary nature of their products and technologies in the fields of vehicle identification, speed measurement and red light violation.
“This partnership with Selex Elsag is a unique opportunity to leverage the technologies of two major industry players” said Jean-Paul Jainsky, chairman and CEO of Morpho. “We are convinced that the outcome will be integrated solutions that meet the ever-evolving needs of the road safety and enforcement market.”
