Skip to main content

Parkeon and Cale to form parking services and urban mobility company

Parkeon has reached an agreement with Sweden-based Cale to establish a new umbrella organisation in parking services and urban mobility. The transaction aims to provide additional resources for research and development (R&D) as well as create a worldwide client base.
January 30, 2018 Read time: 2 mins
251 Parkeon has reached an agreement with Sweden-based Cale to establish a new umbrella organisation in parking services and urban mobility. The transaction aims to provide additional resources for research and development (R&D) as well as create a worldwide client base.


The new organization will consist of 500 R&D engineers along with a significant increase in capacity for the development of hardware, software, sensor systems, machine-learning and AI, business Intelligence, Information Security, UI/UX design and mobile development.

Danny Hassett, Parkeon’s Regional Parking Director in the UK, will take over responsibility for the Cale business in the UK and confirmed that both brands will continue as separate entities in the parking services market place.

Hassett, said: “For customers of Parkeon and Cale, it will be very much business as usual in terms of customer service and product line-up,” he said. “What customers will see over time is accelerated innovation in parking and payment-related systems as the company leverages the expertise of its enhanced design and R&D resources. There will also be a combined presence at key industry events and exhibitions.”

“This will help create ‘smarter’ urban areas by developing digital technologies that optimise the value of parking systems, providing benefit to towns and cities, parking operators and end users across the UK,” added Hassett.

For more information on companies in this article

Related Content

  • MaaS can work – but must be consistent with ‘decarbonised future’, says UK expert
    January 23, 2019
    Innovations such as Mobility as a Service (MaaS) will help to make transport more free-flowing for individuals – but that must not be done at the cost of society or the environment. That was the message from Paul Campion, CEO of the UK Transport Systems Catapult, speaking at the Westminster Energy, Environment & Transport Forum’s seminar on intelligent mobility this week. He told delegates at the London conference that innovations in the 20th century had put travel within reach of most people, and tha
  • Schneider Electric to acquire Telvent for $2 billion
    January 27, 2012
    Schneider Electric has signed a definitive agreement with Telvent GIT to make a cash tender offer for all of Telvent's shares at a price of $40 per share, which represents a premium of 36% to Telvent's average share price over the last 3 months.
  • M&A in ITS: upward mobility
    February 17, 2021
    2021 has kicked off with a flurry of M&A activity. Adam Hill asks the bosses of IRD and Iteris what we should make of their new purchases – and finds out why the whole process is a bit like dancing…
  • Driven demos AVs operating ‘safely’ in London
    October 7, 2019
    The Driven Consortium has completed a week-long demonstration which it says shows that autonomous vehicles (AVs) can operate safely in London - with a safety driver. Driven - a £13.6 million initiative supported by the UK government - carried out the demo around Queen Elizabeth Olympic Park in Stratford in the east of the city. Driven has focused on completing fully-autonomous routes within the UK capital and the city of Oxford using Oxbotica’s autonomous software. Consortium members Moninet and Axa XL p