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

  • Vehicle probe data aids emergency rescue vehicle routing
    June 20, 2012
    A new vehicle routeing initiative has arisen to help improve emergency response and relief following natural disasters in Japan. David Crawford reports Japan’s national ITS group ITS Japan and the country’s leading automotives have agreed on a new combined approach to the organisation of traffic management and emergency response in the wake of major natural disasters. A new, robust traffic information platform using probe data obtained from vehicles to support traffic flow will build on the shared experienc
    Read More
  • Need for simpler urban tolling solutions
    January 10, 2013
    A common assumption, even amongst informed observers, is that there’s but a handful of urban charging schemes in operation around the world and scant prospect of that changing any time soon. Larger city-sized schemes such as Singapore, London and Stockholm come readily to mind but if we take a wider view and also consider urban access control and Low Emission Zones (LEZs) then the picture changes rather radically. There is a notable concentration of such schemes in Europe but worldwide the number is comfort
    Read More
  • TDC acquisition broadens Q-Free’s product offering
    March 27, 2014
    Norwegian tolling specialist Q-Free has acquired TDC Systems which develops products for traffic counting and classifying, weigh-in-motion, cycle and pedestrian detection, traffic signal prioritisation and tunnel monitoring as well as sensors and software for travel-time detection and air quality monitoring. UK-headquartered TDC has offices in Australia and Malaysia with customers in 50 countries around the world.
    Read More
  • Virginia presses ahead with tunnels upgrade despite tolls challenge
    July 30, 2013
    David Crawford reviews current developments and legal/financial issues facing tunnel management in Virginia. This autumn the Virginia Department of Transportation (VDOT) in the US will defend its plan to introduce tolling on the Elizabeth River tunnels linking the cities of Norfolk and Portsmouth in the State’s Hampton Roads area. The tolling, which is due to start from February 2014, will be examined by the State’s Supreme Court later this year. The anticipated toll income, along with loans and bonds, is
    Read More

Highlighted Content