Hub Parking Technology acquires Parking & Time Recording Services

Italy-based Hub Parking Technology, a business group of automated access systems supplier FAAC, has acquired Australian vehicle access control company Parking & Time Recording Services (PTRS). Based in the Sydney area, PTRS has already a long history story of mutual cooperation with the FAAC Group, being a local distributor of Zeag parking systems and installer of FAAC gate automation. According to Hub, the combination of the two companies will increase the value the company delivers to customers by
August 1, 2014 Read time: 1 min

Italy-based Hub Parking Technology, a business group of automated access systems supplier FAAC, has acquired Australian vehicle access control company Parking & Time Recording Services (PTRS).

Based in the Sydney area, PTRS has already a long history story of mutual cooperation with the 4937 FAAC Group, being a local distributor of 149 Zeag parking systems and installer of FAAC gate automation.

According to Hub, the combination of the two companies will increase the value the company delivers to customers by adding additional capabilities. Hub Australia will be able to deliver fully integrated products and an expanded services capacity. The transaction will significantly expand Hub Australia’s geographic reach in the country to a robust portfolio of clients.

Hub Australia’s general manager Vittorio Vivanet said: “Together we’ll be able to create a more comprehensive solution and deliver it to organisations across Australia at a faster pace”.

Parking & Access Control

For more information on companies in this article

Related Content

  • Verra Mobility to buy Redflex for $113m
    January 22, 2021
    Deal is set to go through in May and will create 'enhanced global reach', says Verra
    Read More
  • AtkinsRéalis acquires 70% of engineering consultancy
    April 17, 2025
    David Evans and Associates has interests in bridges, highways and transit
    Read More
  • What's next for traffic management and data collection?
    January 26, 2012
    As the technologies and stakeholders in traffic management evolve, what can we expect to see happening in the coming years? For many, the conversation of the moment is just how, and how far, the newer technologies and services provided principally by the private sector should be allowed to intrude into the realms of traffic management.
    Read More
  • Integrate systems to reduce roadside infrastructure
    January 27, 2012
    David Crawford reviews promising current developments. Instrumentation of the road infrastructure has grown to become one of the most dynamic sectors of the ITS industry. Drivers for its deployment include global concerns over the commercial and environmental pressures of traffic congestion, the importance of keeping drivers informed throughout their journeys, and the need to reduce accident rates and promote the safety of all road users, for example by enforcing traffic safety rules.
    Read More

Highlighted Content