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

For more information on companies in this article

Related Content

  • Cubic acquires Gridsmart to expand intelligent traffic management portfolio
    January 4, 2019
    Cubic has acquired US technology company Gridsmart Technologies in an $87 million deal and will use its video tracking solution to help reduce congestion. Gridsmart’s Bell Camera offers horizon to horizon tracking with a fisheye lens for intersection actuation, data collection and situational awareness. The solution is also expected to track vehicle trajectory from approach through the centre of the intersection to exit. The acquisition will also help advance Cubic’s NextCity vision of creating a smarte
    Read More
  • Ports are facing a digital sea-change
    March 24, 2021
    Next-generation cellular will revolutionise the ports and maritime sector. Its arrival is just in time, as the industry faces a variety of challenges which require new technological solutions
    Read More
  • EIT Mobility’s A-Z of Uvar
    January 31, 2023
    Well-implemented vehicle mobility schemes offer cities quick ways to improve the quality of urban life - and now EIT Mobility has written a guide to doing so. Andrew Stone has a read…
    Read More
  • Outsourcing security weakness for Sweden’s driver and vehicle data
    October 24, 2017
    The security of driver and vehicle data hit the headlines this summer in Sweden and its authorities are still dealing with the fallout. David Crawford reports. epercussions from Sweden’s vehicle data outsourcing scandal continue to reverberate. Transportstyrelsen, the government’s transport agency, came under fire this summer for risking the personal security of over five million motorists by failing to implement full security checks on personnel in other countries to whom individual work packages could
    Read More

Highlighted Content