Autoscope’s Image Sensing Systems to sell RTMS assets for $4.8M

Autoscope Technologies’ Image Sensing Systems has signed a definitive agreement to sell all of the assets related to its RTMS radar detection product line to Sensys Networks, a U.S. subsidiary of TagMaster AB, for approximately $4.8M. The transaction has been approved by the boards of directors of Autoscope, ISS, Sensys Networks and TagMaster and remains subject to customary closing conditions and adjustments. The transaction is targeted to close by the end of the third quarter of 2023.