Kapsch TrafficCom expands into smart parking

Kapsch TrafficCom has expanded its presence into the US Silicon Valley and acquired controlling ownership of California-based smart parking solutions provider Streetline. Streetline is a major provider of real-time parking data, analytics and other smart transportation applications to more than 30 cities, universities and corporate campuses in North America and Europe. Kapsch says it will integrate Streetline’s smart parking applications and data analytics with Kapsch’s intelligent transportation sy
April 17, 2015 Read time: 2 mins
4984 Kapsch TrafficCom has expanded its presence into the US Silicon Valley and acquired controlling ownership of California-based smart parking solutions provider 579 Streetline.

Streetline is a major provider of real-time parking data, analytics and other smart transportation applications to more than 30 cities, universities and corporate campuses in North America and Europe.

Kapsch says it will integrate Streetline’s smart parking applications and data analytics with Kapsch’s intelligent transportation system (ITS) and electronic toll collection (ETC) and traffic management solutions (TMS) to provide motorists with a better end-to-end transportation experience.

“Transportation’s future is about enabling exceptional user experiences with intelligent mobility solutions,” said Georg Kapsch, CEO of Kapsch TrafficCom, adding, “Streetline’s industry-leading smart parking solutions are an ideal complement to Kapsch TrafficCom’s electronic toll collection and traffic management solutions introducing ‘whole trip’ efficiencies.”

“Streetline opens up new customer opportunities for Kapsch and offers smart parking solutions that assist motorists in finding available parking that best suits their needs,” said Manny Krakaris, president and CEO of Streetline.
Parking & Access Control Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Tolling faces up to unprecedented challenge
    October 9, 2020
    The next five years are likely to see a number of changes – but the tolling industry will be equal to them, thinks the IBTTA’s Bill Cramer. The best minds in the business are on the case…
    Read More
  • Kapsch TrafficCom adapts to change in Ribeirão Preto
    August 7, 2024
    New system in Brazilian city integrates traffic light control, VMS & traffic monitoring
    Read More
  • 3M to acquire FSTech from Federal Signal Corporation
    June 22, 2012
    3M has entered into an agreement to acquire the business of Federal Signal Technologies Group (FSTech) from Federal Signal Corporation for a purchase price of US$110 million in cash, subject to post-closing adjustments. 3M says the fast-growing $3 billion electronic tolling industry is projected to grow at a rate greater than 12 per cent per year as government agencies increasingly rely on tolling to fund roadway infrastructure, construction and maintenance. The company says FSTech’s solutions for electroni
    Read More
  • Data exploits parking potential
    March 11, 2015
    David Crawford parallel parks with innovations in two continents. Surveys of US cities indicate that drivers searching for parking can account for up to 37% of all urban traffic congestion. A 2011 study by IBM of 20 cities around the world found that nearly six out of ten drivers had abandoned their search for a parking space at least once; while motorists generally spent on average 20 minutes looking for a sought-after spot.
    Read More

Highlighted Content