Companies
Garda speed van firm pays out €2.5m dividend to investors
GoSafe, which runs speed monitoring vans on a €115m Garda contract, paid shareholders in spite of directors’ call for ‘significant investment’
The owners of GoSafe, the speed van company, have received a multimillion-euro payday from the firm despite directors warning that it requires significant investment to “maintain existing standards”.
GoSafe was awarded an €80 million contract to run speed vans on behalf of An Garda Síochána in 2009. Xavier McAuliffe, the Co Kerry businessman, and Egis, a French company, own the largest stakes in the company, which is ultimately controlled by an Isle of Man-based firm ...
