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

  • Tata Technologies forms new vehicle development group
    May 21, 2012
    Tata Technologies is forming a new vehicle programme group, the Tata Technologies' Vehicle Programs & Development (VPD) Group, to meet the demand for faster, more complex vehicle development support within the auto industry. It will include more than 200 engineers operating from four automotive engineering centres of excellence worldwide - Detroit (US) Coventry (UK), Pune (India) and Stuttgart (Germany).
    Read More
  • Nedap AVI picks up award for uPass Reach reader
    April 25, 2012
    Nedap AVI has won a Best Innovation Product award in the Access Control and Visitor Management systems category at the 16th Moscow International Protection, Security & Fire Safety exhibition for its uPass Reach long-range RFID reader. Using the latest in UHF technology, the uPass Reach reader guarantees long range vehicle identification up to four metres. Based on the use of battery free, passive UHF transponders, the reader output allows the access control or parking system to open the gate when authorised
    Read More
  • Register now for Mastercard Smart Cities Hackathon
    September 8, 2016
    ITS Australia has teamed up with Mastercard to present the ITS 2016 Mastercard Smart Cities Hackathon which will be staged at the ITS World Congress Melbourne. With more than $20,000 in prizes, the Smart City Hack, being held on Saturday 8 and Sunday 9 October, will bring together Australia’s most talented developers, designers and entrepreneurs to create a new wave of smart city services and solutions.
    Read More
  • Cintra, Plenary team up to compete for Australian toll road projects
    February 15, 2017
    Cintra and Plenary, which have a long history of partnering on infrastructure projects, have combined to create a joint venture business to compete in the Australia and New Zealand road infrastructure market, with a focus on toll road and concession projects. Netflow brings construction capability through Cintra’s sister business Ferrovial Agroman. Cintra CEO Enrique Diaz-Rato said Netflow will play an important role in creating competition in the sector by looking to develop roads with a sharp focus on
    Read More

Highlighted Content