Capita Acquires ParkingEye

UK outsourcing company Capita is to acquire ParkingEye, a provider of technology based car parking services, for an enterprise value of U$93 million on a cash free debt free basis. ParkingEye's automatic number plate recognition (ANPR) based management system is used by clients to provide remote enforcement, management information and alerting systems. The technology, which is adaptable across market sectors, is designed to ensure that car parks are used by individuals with a legitimate right to use them
October 25, 2013 Read time: 2 mins
UK outsourcing company 4056 Capita is to acquire ParkingEye, a Provider of technology based car parking services, for an enterprise value of U$93 million on a cash free debt free basis.

ParkingEye's automatic number plate recognition (ANPR) based management system is used by clients to provide remote enforcement, management information and alerting systems. The technology, which is adaptable across market sectors, is designed to ensure that car parks are used by individuals with a legitimate right to use them and allows clients to retain a fair approach to parking charges and cancellations. The business currently provides services to clients such as Aldi, Morrisons and British Land.

Speaking of the acquisition, Capita chief executive Paul Pindar said: "This acquisition will allow Capita to develop a complete and sophisticated car park management and enforcement business for new and existing clients in leisure, local government, the NHS, education and the retail industry, including Capita's extensive customer base. It has synergies with our existing cash collection and payment processing business and will allow us to offer clients the benefits of a well-managed car park, creating availability for customers, citizens and patients."
Detection, Monitoring & Machine Vision

Related Content

  • Technology advances improve enforcement
    July 26, 2012
    Across the board, technology is being brought to bear to improve the efficiency of enforcement. Bus lane monitoring, parking and controlled access have all benefited from systems introduced in recent months. While speed and red light infringements tend to attract the most attention, there remain several other areas of enforcement where automation can bring significant operational and efficiency benefits. Lane monitoring and access control also continue to benefit from technological development.
    Read More
  • Big data and open governments ‘will spur developments in smart cities’
    March 23, 2015
    Smart cities are going to be amazing community hubs that will be more sustainable, efficient and supportive of citizens, according to a new report, Australia - Smart Cities - People, Transport, Cars, Buildings from reportbuyer.com. The concept of smart communities is based on intelligent infrastructure such as broadband (FttP) and smart grids, so that connected and sustainable communities can be developed. However, they cannot be built within the silo structure that currently dominates our thinking; a holis
    Read More
  • Australia's 2013 NeTC forum debates revenue collection
    June 17, 2013
    The challenging issue of revenue collection was under discussion at the 2013 Australian National Electronic Tolling Committee (NeTC) Forum hosted in Brisbane in May by ITS Australia. ITS Australia chief executive officer Susan Harris said the collection debate focused on ways to educate customers about the rationale for charges, payment processes and tactics to avoid repeat deliberate non-payers. The Forum provided an opportunity for industry and government to explore case studies about the costs of process
    Read More
  • Smartphone solution for parking performance
    March 31, 2017
    Automated parking offers optimised space utilisation and fewer damage complaints as David Crawford discovers. As cars become smarter, technology designed to make parking them more straightforward is developing in parallel. In turn, it is becoming clear that the places where vehicles spend much of their time will need to respond – more comprehensively than by supporting established aids such as smartphone-based parking location and reservation, or payment for time used.
    Read More

Highlighted Content