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

  • Australia's ground breaking average speed enforcement
    February 1, 2012
    The speed enforcement system on the Hume Highway in Australia combines both spot and point-to-point solutions. Here, Redflex's Peter Whyte discusses its implementation. The Australian State of Victoria has achieved notable success in reducing casualty rates since launching a three-pronged road accident prevention initiative in the late-1980s.
    Read More
  • AVT acquires VDS Vosskühler
    January 26, 2012
    Allied Vision Technologies (AVT) has acquired 100% of the shares of the specialist infrared camera producer VDS Vosskühler, based in Osnabrück, Germany.
    Read More
  • Mobility digital twins for Italy from Yunex & Municipia
    March 1, 2024
    Focus is on reducing CO₂ emissions and enhancing the efficiency of urban traffic flow
    Read More
  • Kapsch strengthens ITS portfolio
    January 17, 2014
    The acquisition of US advanced traffic management software and systems integration company Transdyn, well-known for its Dynac advanced traffic management software, enables Kapsch TrafficCom to offer an extended end-to-end product and solution portfolio for intelligent transportation systems (ITS) to its current and future customers around the globe. The purchase price is US$16 million. Kapsch TrafficCom says it is now positioned to offer one a broad portfolio of intelligent transportation solutions to co
    Read More

Highlighted Content