OPTOOne Person Train Operation (transportation)
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Optos has entered into an implementation agreement with Opto Global and Innovation Capital Fund II LP, a principal shareholder of Opto Global, pursuant to which Optos has agreed to make the offer and, in the event that the offer does not become unconditional, the parties have agreed to implement the asset transaction.
The transaction brings Optos a revenue generating business with a strong range of products and a global distribution network.
Roy Davis, chief executive officer of Optos, said that this acquisition brings a number of complementary products which Optos can market through its sales channel in the core US and EU markets.