Estonian technology company AS Bercman Technologies (hereinafter “Bercman”) signed a distribution frame agreement with Greek infrastructure engineering company Eur.ELEC LTD (hereinafter “Eur.Elec”) for joint operations in Greece.
The framework contract covers the period 2022-2027. Under the terms of the framework agreement, Eur.Elec will be entitled to represent Bercman in Greece for five years. Eur.Elec will work to increase sales of Bercman’s smart safety systems in the local market. The framework contract does not foresee fixed budgetary or sales volumes.
Mart Suurkask, Chairman of the Board of Bercman Technologies: “The Greek market is really attractive for Bercman. Road fatalities in Greece are among the highest in the European Union, and although they have fallen significantly over the last decade, the number is still above the European average. We have excellent cooperation with Eur.Elec and Bercman’s smart safety system has already been successfully implemented in procurement projects for smart mobility in Greece. This summer, Greece opened a national smart city programme with a total budget of €230 million and together with Eur.Elec we’ll build innovative infrastructure solutions under this programme.”
Erotokritis Kotsilinis, Member of the Board of Eur.Elec: “A new era has started for smart infrastructure solutions in Greece due to the high demand from central government organizations and municipalities, also significant funding opportunities from EU’s Recovery Fund. The programme for the digitalization of infrastructure has raised expectations for municipalities, and deadlines set by the EU’s monitoring services suggest that the smart mobility market in Greece will grow fast within the next 1-2 years. With Eur.Elec’s more than 25 years of experience in infrastructure development sector, and with the Bercman Smart Crosswalk system, we can significantly support this growth.”
Eur.Elec was founded in 1995. The company offers integrated solutions in the traffic technology market, emphasizing traffic signalling systems, traffic enforcement systems, variable message signs and traffic flow information collecting systems. Since 2011 the company is aiming at introducing cutting-edge technologies for Smart Cities, focused on Smart mobility and eMobility.
Chairman of the Board of Bercman Technologies
Phone: +372 5340 2902